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Speaking at the CLSA Asia Pacific Markets investor conference in Hong Kong. Mr. Faber told the audience to put money in Asian equities and commodities. He said gold is important, but buy real gold, not derivatives, and keep the gold outside the U.S. The U.S. confiscated gold during the Great Depression, he noted. He, like Warren Buffett, Nouriel Roubini and others, thinks the dollar is destined to erode, though Mr. Faber said it could rebound over the next few months as signs of deflation stick around. “The dollar in the long run is a doomed currency,” he said. “This is the short of the century…The government’s policy is to make it worthless.” Read more from WSJ :
In a recent Interview with Moneynews.com Magazine Marc Faber talked about the dollar The Fed Ben Bernanke The Gold and the Oil , Calling gold a stable commodity that everyone should own ublike crude oil which is fluctuating
“Gold … has been a relatively stable commodity, unlike oil, which (last year) went from $147 to $32 a barrel.”
“I repeat what I have said in the past,” Faber says.
“No decent citizen should trust the Federal Reserve for one second. It’s very important that everyone own some gold because the government will make the dollar useless.”
Marc Faber told CNBC that he thinks that the G20 is a total waste of time : "My view is that this G20 meeting is a complete and total waste of time," he said. "Nothing will be achieved except that they will implement regulations that are even worse than the regulations that brought us all these problems." he said
speaking about the dollar and inflation / hyperinflation he said : "If you have interest rates at zero essentially you discourage people to save and encourage them to speculate," he said. "I look at the US dollar. Whenever a currency is weak, it's weak because of some inflationary pressures." Marc Faber also explained that he is very bullish on emerging markets which are now forming a rising block and where the cars sales have for the first time surpassed the sales in Europe and in America he is obviously talking about third world giants like China India and Brazil : "I think that people will have to rethink the world and that they should have little money in the US and have 50 percent of their funds in emerging economies," he said.
The weak dollar signals inflationary pressures in the US economy, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Friday. Michael Gurka from Empower Global Funds joined the discussion.
"My view is that this G20 meeting is a complete and total waste of time," he said. "Nothing will be achieved except that they will implement regulations that are even worse than the regulations that brought us all these problems." Marc Faber told CNBC today
The G20 is a complete and total waste of time and the new regulations will be even worse than the old ones, Marc Faber, editor & publisher of The Gloom, Boom & Doom Report told CNBC. Michael Gurka from Empower Global Funds joined the discussion.
"If you have interest rates at zero essentially you discourage people to save and encourage them to speculate," he said. "I look at the US dollar. Whenever a currency is weak, it's weak because of some inflationary pressures."
Marc Faber is very bullish on emerging markets
"I think that people will have to rethink the world and that they should have little money in the US and have 50 percent of their funds in emerging economies," he added
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Marc Faber Peter Schiff Nouriel Roubini Ron Paul swine flu Jim Rogers US Government Obama Bankrupt Global Economic Collapse Treasury Bond Bubble The Gloom Boom and Doom Report 2009 Alex Jones Max Keiser Gerald Celente Economy collapse dollar crises finance stock market wall street bailout
“We probably had a false breakout on the upside. I wouldn’t be surprised to see a little bit more of a correction down to maybe $920 per ounce.” Stocks may have already peaked for this year and might drop 20 percent amid renewed deflation fears, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
The dollar is likely to rebound from an “oversold” position, which will be negative for equities, Faber said in an interview with Bloomberg Television on the sidelines of CLSA Ltd.’s annual investor conference in Hong Kong.
“I wouldn’t be surprised if we’d seen the peak of the market for this year because the economic news isn’t going to improve very much,” Faber, 63, said. “The correction in the market has been overdue for quite some time.”
Tags : Marc Faber yahoo techticker Peter Schiff Nouriel Roubini Ron Paul swine flu Jim Rogers Government Obama Bankrupt Global Economic Collapse Treasury Bond Bubble Marc Faber www.Marcfaber.tk Peter Schiff Nouriel Roubini swine flu Jim Rogers Government Obama Bankrupt Global Economic Collapse Treasury Bond Bubble The Gloom Boom and Doom Report 2009 Alex Jones ron paul swine flu jim rogers us government obama bankrupt global economic collapse treasury bond bubble the gloom boom and doom report alex jones max keiser gerald celente economy collapse dollar crises finance stock market wall street marc faber peter schiff nouriel roubini ron paul swine flu jim rogers us government obama bankrupt global economic collapse treasury bond bubble the gloom boom and doom report alex jones max keiser gerald celente economy collapse dollar crises finance stock market wall street bailout bailout
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