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Monday, November 24, 2014

Real income in the United States for households are down

If you look at a broad number of asset prices - Bonds, Equities, Real Estate, Art Prices, Collectibles, Commodities, in general the prices are elevated. Ofcourse yes I am aware that Gold has corrected but in general asset prices are higher than they were Ten years ago. Real income in the United States for households are down, in other words prices have gone up more than wages. Now the only asset class that relatively and absolutely depressed are Gold mining shares and Silver mining shares. Even large Mining groups such as Barrick and Newmont mining have tumbled and at distressed levels. And as a contrarian or as a value investor you would have to say, these are not momentum stocks and they are building a base. Here I find some reasonably good values compared to other asset classes.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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