Global iGold: Marc Faber feels confident about gold

The Asian Giant is always main topic in economy news, and nowadays more than ever is leading ordinary people, marketers and famous experts to make guesses and forecasts about its influence on the world.

The famous Swiss expert, Marc Faber has shared his viewpoint on the situation. What are its main points? Learn it from the article.

Fresh news from China led Marc Faber to the opinion that the activity of this country can make the world economy face more difficulties.

Global iGold: What are the grounds for the expert's opinion?

First, the stock market of the country has become weaker. Shareholders had to face a 40% fall of some shares that led to the cease of these shares' trading. In order to avoid negative consequences, the People's Bank of China supported the stock market with billions of dollars as, otherwise, the economic scenario would not be positive.

The official data of the Chinese economy's growth is 7% in the 2nd quarter of the current year, achieving thus the objective of economy authorities of the country. However Faber considers this figure to be exaggerated, and not completely true.

Faber claims that there is undeniable proof of the absence of growth of the Chinese economy. According to the expert, the fall of the Chinese economy would lead to the fall of demand for industrial raw materials for several countries of Latin America, Africa, Central Asia, also, Russia, Australia and Germany.

Global iGold: the expert recommends to buy gold

The analyst considers now the best time to buy gold, as the yellow metal is still an attractive asset for investors. Faber mentions that gold mining companies have already came through the toughest times and although there could be a drop in gold mining companies' shares, buying gold is the most prudent decision.

If you are interested in information about how to buy gold, find the answer in Global iGold, the international company which Online Gold Shop sells investment gold bars of the best quality under the most profitable conditions.

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