Marc Faber 's interview starts at around 21:08 in the video
Swiss investor and economic guru,Marc Faber, joins Rick from Hong Kong to discuss the "race to the bottom" that is the universal money printing by the world's central banks and why he ultimately foresees the U.S. transitioning into a completely planned economy.
Dr. Marc Faber, born February 28, 1946, is an investment analyst
and entrepreneur. Faber was born in Zürich and graduated in Geneva,
Switzerland, where he raced for the Swiss National Ski Team. He studied
Economics at the University of Zurich and, at the age of 24, obtained a
Ph.D. degree in Economics..
Faber has a reputation for being a
"Contrarian" investor and has been called "Doctor Doom" for a number of
years. Faber is a regular speaker on the investment circuit and best
known for the Gloom Boom & Doom Report newsletter. He has also
written several books.
Marc Faber came into this world on February 28, 1946, in Zürich,
Switzerland and graduated from the Zurich University with a P.H. in
economics when he was just twenty-four years old. Marc Faber is infamous
for his newsletter named the “Doom and Gloom” report as well as his
connection with a website which displays and highlights artwork by
Kaspar Meglinger named the "Dance of Death", which is a painting.
Faber was employed by the White Weld and Company Limited located in New
York as well as Zurich and Hong Kong. He later established his own
company which he named Marc Faber Limited. He has since settled in
Chiang Mai, Thailand but maintains a modest office in the Hong Kong
area. Nury Vittachi selected him as the subject of his biography of
Faber where he uses Faber’s well known nickname “Doctor Doom.” His
Doctor Doom news report can be found on Financial Sense Hour webpage
where current and archived streams can be accessed through win amp, real
player and windows media player. In his publications and news reports,
he frequently refers to other reports and resources that solidify his
statements, claims and opinions.
Faber is famously known for this nickname due to his long reputation of
being a contrarian (someone who argues against the popular and most
widely accepted opinion about concepts, ideas, beliefs etc.) investor.
He frequently guest speaks for many forums and television programs and
internet radio shows as well as engages the likes of the Barron’s
Roundtable. Although he is contrary, his points at many times seem
valid and hold a certain amount of credibility among his peers. He is
respected in his field and doesn't mind that people think of him as
being the doom guy. He calls things like he sees them and has had a
good run of success through the years.
Marc Faber Personal Info
Marc Faber Age – 66 Years old
Career Duration and Experience – 42 years
Current Service –Swiss Investor, writer and guest speaker, investment advisor concentrating on value investments
Investment Principles – Known as the “Doom and Gloom” investor
Notable Achievements:
· University of Zurich magna cum laude
· Raced in the Swiss Ski Team Nationally
· Famous for advising clients to back out of the stock market a week prior to before the crash in October 1987
· Author of The Gloom & Doom Report, employed by White Weld and Company from 1970 to 1978.
Additional information:
Marc Faber sits on a number of investment funds as advisor or director
in which focuses primarily on emerging and frontier markets for
companies like the Cambodia Fund and also Sri Lanka Holding Funds.
He founded and established Marc Faber LTD and concentrates on value
related investments which have a great upside which also have the
foundation of a contrarian investment type of attitude. Faber will also
often serve as fund manager for higher income clients. Faber likes to
make an appearance on the investment panel and his statements are
frequently quoted by the financial media solely because of his
individual alternative viewpoint which proves to be very a
non-conformist philosophy. His most infamous quotes advises investors to
purchase a U.S. bond to the sum of $100 U.S. dollars and give it as a
gift to their children, then force them to watch the value of the bond
diminish over the course of twenty years. However, Faber denies any
weight to his advising clients to back out of the market before the
crash in 1987 claiming it was merely coincidental.
Farber did, however, lose money by stock shorting in 1999, proving him
not so infallible, but he was vindicated later admitting the difficulty
of timing within the market. Otherwise, his track record proves that he
provides solid and more often than not very accurate market advice,
proven by his prediction of various commodities such as oil and precious
metals and with almost a third eye predicted the devaluing of the U.S
dollar over the last several years.
Faber has noted the lack of value investments aside from farmland and
some real estate provided through markets in Paraguay, Uruguay and
Russia. His thinking as he stated in 2007 was that there was an imminent
market correction on the horizon as quoted by Fox news in February
2007, and in March of that same year, he claimed that U.S. equities had
already been overvalued even less than newer markets. Bloomberg
interviewed him in June of ‘08 and sat through his views, which were
very bearish in nature, towards many different investment opportunities
such as stocks and commodities.
Marc Faber has been very skeptical of the inflationary actions of Fed’s
and assumes hyperinflation within the course of the next ten years. This
differs slightly from 2008 when he expressed bullishness in the
American dollar prior to its recovery and also the anticipation for yen
holding - Japanese currency. Faber does not expect recovery until
perhaps five or ten years from now.
Along with his publication “Doom and Gloom” (which highlights unusual
investment opportunities) Faber has authored many books in his endeavor
to shed light on the stock market and provide sound and stable advice
towards an ever changing stock market. He has also participated in the
creation of many leading publications throughout the world including
“International Wealth.” His book “Tomorrow’s Gold- Asia's Age of
Discovery” was initially published in 2002 and was listed as one of
Amazon's best sellers. It is currently being translated into several
languages such as Japanese, Chinese and German as well as Thai and
Korean. His attitude towards the American economy remains prolific and
controversial as he continues progressively in bearish jokingly remarks
about rebates from the feds, and foreign companies receiving money from
our American based companies. He also jokes about the foreign countries
that receive benefits from our use of oil and energy. Even as far as to
say that the only thriving part of American economy is prostitutes and
beer. That is a pretty bold statement to make, but this man clearly has a
mind of what is right or wrong and is not afraid to stand by the
beliefs that he holds.
NEWS ON BOOZE : THE TRUTH THE NEWS WILL NOT TELL YOU . Your Source of Daily Alternative & Independent News a daily follow up of Investigative Journalists Whistleblowers Conspiracy Theorists Truthers Visionaries and Freedom Fighters . Freedom is real and attainable
Showing posts with label Marc Faber. Show all posts
Showing posts with label Marc Faber. Show all posts
Saturday, August 24, 2013
Monday, May 13, 2013
Marc Faber Expressing the Disability of Gold and Silver to Control These Economic Crisis
Gold was always considered as solid and save instrument. Many Countries currency was based on Gold reserves. People loved to make investment in Gold. But now this Gold is in crisis. These Gold crisis are linked with economic, financial, debt and currency crisis. Anyhow, too much dependence on one instrument always brings down fall. In this video, Marc Faber is Expressing the Disability of Gold and Silver to Control These Economic Crisis
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Marc Faber
Saturday, November 10, 2012
Marc Faber : I do own some Gold Shares through stock options, because I'm a director of several exploration companies.
Marc Faber : Because I live in Asia, I am quite familiar with the Asian markets and economies. I have a bias toward Asian equities, especially because I can find deals in places such as Malaysia, Thailand, Singapore and Hong Kong—stocks that give me 4–7% dividend yields. With yields at those levels, at least I'm paid to wait. Even if they're cut 5%, I'd still get better cash flow than I would from, say, U.S. government bonds. Consequently, I feel reasonably confident owning such shares.
Because I have allocated only 25% of my portfolio to equities, if the markets were to drop 50%, I would have funds elsewhere in my portfolio to buy more equities. That's not a prediction for a 50% market decline; it's just to say that I'm positioned in such a way that I could put more money in equities through a) my cash flow, b) my income and c) my cash position. And I do own some gold shares through stock options, because I'm a director of several exploration companies. - in the aureport
Because I have allocated only 25% of my portfolio to equities, if the markets were to drop 50%, I would have funds elsewhere in my portfolio to buy more equities. That's not a prediction for a 50% market decline; it's just to say that I'm positioned in such a way that I could put more money in equities through a) my cash flow, b) my income and c) my cash position. And I do own some gold shares through stock options, because I'm a director of several exploration companies. - in the aureport
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Gold Shares,
Marc Faber
Wednesday, September 5, 2012
Marc Faber : 25% of my Assets are in Gold
Marc Faber : “I have roughly 25% of my assets in gold. I buy every month, and I will never, ever sell it as long as people such as Mitt Romney, Paul Ryan, Obama, Biden, Bernanke, and Marc Faber : “I have roughly 25% of my assets in goldGeithner are in government. I will never sell it. Never." - in businessinsider
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Marc Faber
Tuesday, July 17, 2012
Marc Faber : Gold Is Oversold Near Term
Marc Faber : “most markets peaked in May 2011.” Marc Faber expects “further weakness in the second half of the year. Corporate profits will disappoint … stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.” Worse, he’s “very negative about the outlook longer term.” according to Paul B. Farrell of MarketWatch
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Marc Faber
Saturday, June 9, 2012
Marc Faber Bullish on Gold Shares
Marc Faber : I am also warming to gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated.
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Gold Shares,
Marc Faber
Friday, March 9, 2012
Marc Faber : Gold is not in a bubble
Marc Faber : No, gold is not in a bubble. It wasn't in a bubble in 1973, either, but it still corrected by 40% then. I don't believe gold is anywhere near a bubble phase. A bubble phase is characterized by the majority of market participants being involved in a market space. I saw a gold bubble in 1979–1980, when the whole world was dealing—buying and selling gold 24-hours a day, globally. - in a recent interview with the Gold report
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Marc Faber
Saturday, February 11, 2012
Marc Faber : With money-printing, you never know what sector of the economy will be inflated
Marc Faber : "It is not that the gold price will go up. It is that the value of paper money will go down."
"Ten years ago we had relatively low inflation in the Western world. Now, with interest rates at zero, we have high asset valuations. Asset prices have gone ballistic in stamps, modern art, wine, you name it. Gold, silver, other commodities, equities in emerging markets, high-end real estate -- all have done well. When assets become like cash, it may be safer to hold your money in the bank. If asset prices collapse, you'll be better off in Treasury bills with zero yields. Then the central banks will print money and bail you out. At least you'll get your principal back. With money-printing, you never know what sector of the economy will be inflated. Maybe we have had profit inflation and there will be a severe correction. I don't expect corporate profits in the U.S. to collapse by more than 20% in the next 12 months."
"Ten years ago we had relatively low inflation in the Western world. Now, with interest rates at zero, we have high asset valuations. Asset prices have gone ballistic in stamps, modern art, wine, you name it. Gold, silver, other commodities, equities in emerging markets, high-end real estate -- all have done well. When assets become like cash, it may be safer to hold your money in the bank. If asset prices collapse, you'll be better off in Treasury bills with zero yields. Then the central banks will print money and bail you out. At least you'll get your principal back. With money-printing, you never know what sector of the economy will be inflated. Maybe we have had profit inflation and there will be a severe correction. I don't expect corporate profits in the U.S. to collapse by more than 20% in the next 12 months."
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Marc Faber
Thursday, December 15, 2011
Marc Faber : Gold not in a Bubble
Marc Faber : “I don’t hear about gold. I lived through the last gold bubble between 1978 and January 1980. The whole world, whether you were in the Middle East or in Asia or Europe or in America was trading London gold, buying and selling every day,” Marc Faber told Financial Sense Newshour on a Dec. 07 interview “This has not happened yet, and it hasn’t happened. Your friends, the deflationists, have been telling people that gold will collapse to $200 an ounce for the last 10 years and that it was in a bubble. [They] said it [gold] was in a bubble at $500; they said it at $600, and they’re still maintaining it. So a lot of people they don’t own it; they bought it and sold it again. But in the meantime, gold has moved into sold hands.” - in an FSN Interview
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Gold Bubble,
Marc Faber
Saturday, November 26, 2011
Marc Faber : Gold in Correction Phase not in a Bubble
Marc Faber : ...All I can say is that Gold have done much better than any government bonds ...a lot of people think that gold is a bubble and so forth but that is not my impression , I want to tell you I was last week in TaiWan and later I was in South Korea I gave two conference presentations and I asked the audience how many of you do own some gold ? and in TaiWan I think there was one participant that owned any gold and in Korea in a room with may be a thousand people not a single person owned gold you understand had I asked the question in year 2000 how many of you own the Yahoo type of stocks the whole room would have said yes we own it
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Marc Faber
Monday, September 26, 2011
Marc Faber : Gold Price Could Fall to $1100 an ounce
Dr Boom Gloom and Dom Marc Faber told CNBC this morning that he expects Gold to continue to fall "We overshot on the upside when we went over $1,900," he said "We're now close to bottoming at $1,500, and if that doesn't hold it could bottom to between $1,100-$1,200." he added , so may be we won't see the $2000/oz this year as expected , Dr Marc Faber said that he will purchase more gold in a couple of days , so use these god given dips wisely and load on gold and silver , although the price might not recover quickly as he said ....
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Marc Faber
Wednesday, August 24, 2011
Marc Faber : Gold is the most honest form of cash
Marc Faber : "I'm not certain that people should buy gold today because we have a huge run in precious metals recently and they need to consolidate or shake out the weak holder. I would expect the correction in gold to occur. I think that everybody should have some gold if they want to own some cash because gold is the most honest form of cash people can own" "well, it's (ETFs) a claim on physical gold. i prefer if investors hold physical gold in a safe deposit box ideally outside of the u.s. in various locations, Switzerland, Singapore, Hong Kong, Australia, Canada. " "I think it's important in today's very uncertain world to diversify not only the various asset classes, in other words equities, bonds, gold, real estate and also the custody of your assets should be in different jurisdiction , I don't trust anyone" - in CNBC 23 Aug 2011
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Marc Faber
Saturday, August 20, 2011
Marc Faber : I do not see a huge downside risk in Gold
Marc Faber : I think that Gold have had a bit of a run-up here that is above the trend line and that a correction can occur but I do not see a huge downside risk in Gold because if you think it through and people are concerned about cash they are concerned about sovereign debt they are concerned about everything and the stock market has given a very powerful sell signal , I think as soon as gold price drops say a 100 - 150 dollars there will be a lot of physical buying ...
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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Marc Faber
Thursday, July 21, 2011
Marc Faber : Gold is nowhere close to a bubble
Marc Faber : I was in a resource conference this is one of the resource conferences run by Standard Chartered Bank in Hong Kong all the miners are there and all the big shots in commodities and investors that are interested in commodities are there , ask the audience and you will think that these people have an exposure to Gold only about 5 people in an audience of like 400 had more than 5 percent of their assets in Gold , I find it amazing , I went already to 2 hedge fund conferences these are relatively intelligent people you would think but none of them had any exposure to Gold personally I said to them , you all intelligent people how come you do not have any gold at all don't you see what is happening with the money printing in the world , Gold was $252 in 1999 it is now $1580 (15 July 2011) they think it is expensive at this level what they do not consider is by how much credit has increased over the last ten years by how much the world population have increased over ten years by how much the supply of gold have increased , it is not increasing it is actually contracting , it the next five to ten years the total gold supply in the world will go up by precisely 3.8 percent no more , you know you mine something it is gone it is no longer there and so the supply that is no longer there is like Oil burned it is no longer there , every oil well runs dry over time " .." let's say you buy Gold today , I do not know it may go down say a $100 , here it goes down a $200 but looking at all the factors we discussed I do not believe that we are in a bubble stage , because I have lived through the last bubble in the late 70s I can tell you that the whole world followed the Gold market day and night and traded Gold 24 hours a day like the whole world traded NASDAQ stocks 24 hours a day in 1999 and 2000 that has not happened yet we do not have a heavy weighting we do not have a heavy kind of euphoria about Gold at all , the risk today is not to own Gold but to not to own any Gold , if you have no gold at all I think you are taking a risk , and my advise is simple every month you put some money aside and you buy a little bit of Gold you do not worry about the price fluctuation buy every month a little bit and your grand children will be very happy about that unless the US government takes it away that is a possibility with Mr Bernanke just look at him he particularly not a honest looking character ..."
- in The Financial Sense NewsHour Interview
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
- in The Financial Sense NewsHour Interview
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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Marc Faber
Thursday, April 21, 2011
Marc Faber the Gold is not in a Bubble
Dr. Marc Faber speaking recently with CNBV TV18 from India says that Gold is far from being in any form of bubble , cause In gold and silver terms, Faber said , the Dow Jones over the last 10 years has already lost more than 80% of its value. "If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hrs a day. But I don’t think it’s really a bubble. I think may be gold is cheap."
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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Marc Faber
Monday, April 18, 2011
Marc Faber on Gold : Physical assets vs Miners
Marc Faber, editor & publisher of "The Gloom, Boom & Doom Report" talks about his preferred ways to invest in gold " well basically I do not think that people should punt on Gold but they should be their own central bank and gradually accumulate gold reserves as a currency and they should basically hold it physically but not in the US outside the US " " I think there is the risk that the US will once again as they did in 1933 collect the gold expropriate the gold they will not take away and not pay anything they'll pay probably the market price and after they will revalue it it by say five times "
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Marc Faber
Saturday, April 9, 2011
Marc Faber : Gold is not in a bubble
Marc Faber : " ...In Gold and Silver Terms the dow jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "
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Gold,
Marc Faber
Friday, April 8, 2011
Marc Faber : In Gold and Silver Terms the Dow Jones over the last ten years has already lost over more than 80% of its value
Marc Faber " ...In Gold and Silver Terms the Dow Jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "
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Marc Faber
Tuesday, December 14, 2010
Marc Faber: Accumulate gold and keep it as cash
Sept. 24 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the Chinese yuan. Faber, speaking from Chiang Mai, Thailand, with Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses gold prices and expectations for the Standard & Poor's 500 Index. Marc Faber. Simply the best.
I use gold like cash and silver as retirement money because it's SOOO undervalued since I don't plan to retire for a long time I have time for it to go up. In the mean time I love JP Morgan chase even more for keeping the price down.China may very well be a paper tiger because it has a potential mortgage crisis on its hands. I also believe that China has a better economy than ours since it is now based on manufacturing instead of service like the U.S.
gold does not go up in value! It has and even more Silver intrinsic value. Prices of gold rise in Paper money but that is an illusion. Paper money is going down in value big time. Thats whats happening. The purchasing power of the middle class is getting destroyed worldwide, while the rich and their Partners in crime the Banksters get richer and richer. Such a system cannot be sustained! It has to end.
I use gold like cash and silver as retirement money because it's SOOO undervalued since I don't plan to retire for a long time I have time for it to go up. In the mean time I love JP Morgan chase even more for keeping the price down.China may very well be a paper tiger because it has a potential mortgage crisis on its hands. I also believe that China has a better economy than ours since it is now based on manufacturing instead of service like the U.S.
gold does not go up in value! It has and even more Silver intrinsic value. Prices of gold rise in Paper money but that is an illusion. Paper money is going down in value big time. Thats whats happening. The purchasing power of the middle class is getting destroyed worldwide, while the rich and their Partners in crime the Banksters get richer and richer. Such a system cannot be sustained! It has to end.
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Marc Faber
Marc Faber : I will never sell any gold !
Marc Faber - one of the few international economists who really knows what is going on in the world of today and maybe even of tomorrow! His advise: accumulate gold and hold on to it !
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Marc Faber
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