Thursday, June 21, 2012
These are The Stocks that Marc Faber Recommends
Marc Faber : I still like my January investment picks. As a group, Singapore REITS look OK. Among them I like Mapletree Commercial Trust [MCT.Singapore], Frasers Centrepoint Trust [FCT.Singapore], K-REIT Asia [KREIT.Singapore], Mapletree Logistics Trust [MLT.Singapore], Ascott Residence Trust [ART.Singapore], Cache Logistics Trust [CACHE.Singapore] and Parkway Life [PREIT.Singapore].
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. Goldcorp [GG] is attractive because most of its properties are in the U.S., Canada, and Mexico. The company isn't exposed to regimes that are talking about nationalizing resources. In general, stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.
- in Barron's Roundtable - June 2012
Dr. Marc Faber Tomorrow's Gold
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.
Video Of Medea Benjamin Being Dragged Away While Heckling Obama For Killing 16 Y/O US Citizen - Video Of Medea Benjamin Being Dragged Away While Heckling Obama For Killing 16 Y/O US... [[ This is a content summary only. Visit http://www.financearmage...34 minutes ago
Robert Kiyosaki : If you want to be Rich, you must have a Financial Education - Robert Kiyosaki : If you want to be rich, you must have a financial education... [[ This is a content summary only. Visit www.figanews.com for The full S...10 hours ago
Peter Schiff : When the reign of King Dollar finally comes to a belated end, let's hope all the Gold we allegedly have stored in Fort Knox is actually there - Peter Schiff : “Creditor nations that buy gold cheap from bankrupt nations forced to sell at... [[ This is a content summary only. Visit www.figanews.com f...3 days ago