Emerging Market Economies Will Surpass The West Marc Faber

Marc Faber has an informal rule never to spend more than 10 days in a country before rushing to the next one. In addition to lots of frequent-flyer miles, this gives him the chance to see firsthand how lots of the world is doing. So how\'s it doing? Better than the U.S., says Faber, the editor of the The Gloom, Boom & Doom Report. In the U.S. we have


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Fed Will Destroy Dollar, Buy Gold : Marc Faber

Investing guru Marc Faber advises investors to switch off Ben Bernanke, ignore his government-sponsored “We will keep inflation in check” line — and be sure to buy gold to protect yourself.

“Government is there to do something for itself, not for people,” he observes.

Faber says the government will have no choice but to print money like crazy and soon.

He points out the huge existing debt and the financial crunch that’s coming by 2018 when more retiring Baby Boomers make demands on Social Security and Medicare,

Don’t buy bonds or keep your money in cash, Faber counsels: Put money instead into things that will hold their value, like gold, preferably stored outside the U.S.

“With a chairman like Mr. Bernanke, I would assume that cash will be worth zero,” he says.

“Gold … has been a relatively stable commodity, unlike oil, which (last year) went from $147 to $32 a barrel.”

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