Thursday, September 13, 2012

[Video] Marc Faber on how to Hedge the FED QE3 with GOLD

Marc Faber : In principal you can't create prosperity by printing money , printing money has numerous unintended consequences , i think that it is quite likely that QE3 will be announced in one or the other form , the question is to what extent has the market already discounted the easing moves by the ECB that was announced last week and QE3 that may be announced this week " [this interview was done before the FED actually announced QE3]
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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.