Marc Faber Hold Real estate Gold Silver land Hard Assets The Dollar will worthless one day
Marc Faber very bearish on the future of the dollar says that eventually it will be worthless someday between now and then we can have wide fluctuations and the other currencies may not be much better an Investor should have positions in physical gold and silver and hard assets like real estate land and some other commodities , Marc Faber said ...Marc advises his clients to have assets in real estates up to 80% of their portfolio , it will be unusual for a wealthy family to have all their investments in equities and bonds and no real estate because most of the wealthy people of this world except the new economy wealth like Google they made their money out of technology but if you look at the old wealthy families , most of them are wealthy because they had real estate , they are well to do because they did not do anything stupid with their money , they are well-to-do because they stayed tight to the real estate " "Real estate is a great way to preserve the wealth to your children in case they are not that money investment savvy" although land can be easily confiscated under certain regimes or after a war etc ...gold on the other hand is easily transportable and hidden in case of turmoils Marc Faber adds that "yes if you have your real estate spread out in for example Brazil Argentina , let's say you have real estate or equities here in Singapore and we have World War III , I think at the end of the war Singapore will still be here because it will stay relatively neutral and nobody has an interest to drop a bomb on top of Singapore simply because it's politically in the world's contest totally insignificant , so real estate here will be safe , also equities here you have world class companies in Singapore"
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