Marc Faber : We have high inflation in Vietnam and China

Marc Faber :"...We have high inflation in Vietnam and China. If each of the central banks does not do anything, inflation will accelerate and eventually cause even more problems. If the central banks step in and tighten monetary conditions, it would not be very good for equities. ..."
in ET Now

Marc Faber : Sensex may test 16000 levels at least

Marc Faber : Correction in emerging markets on expected lines



Marc Faber : "....It was not entirely unexpected to me because since March 2009, emerging markets have significantly outperformed developed ones and through easy monetary policies in the US, we created bubbles in the emerging economies, particularly in terms of inflation. So, the emerging economies, having this excessive liquidity and high inflation, have to tighten here, or let inflation go and have problems later on. So some money is flowing out of emerging economies. ..."
via ET Now

Marc Faber : Bernanke cannot print Gold

Marc Faber : Cash at 0% doesn’t accumulate wealth either. The moment central banks implement monetary policies where they keep interest rates negative in real terms, in other words interest rates are lower than the rate of cost of living increases, then it is very difficult to value anything. The only thing I can say is, Mr Ben Bernanke, Chairman of the Federal Reserve, and other central banks, they can print an unlimited quantity of money, but you cannot print gold. Gold is limited by its annual supply of around 2,500 tonnes annually. So it is not that gold is going up, it is that the paper value of money, the purchasing power of money is going down vis-à-vis a unit of account, which is gold.
in www.bbc.co.uk