Marc Faber: Oil has further upside potential

Marc Faber: Oil has further upside potential. Long-term demand is there. Per capita consumption in India and China is low and will increase. Supplies might be rather limited. Oil is around $100 a barrel now. How high it goes depends on how much Mr. Bernanke [Federal Reserve Chairman Ben Bernanke] prints. If there is a disturbance in the Middle East, the sky is the limit. - in The Barron's 2012 Roundtable

The Crisis in Europe

Marc Faber: In Chiang Mai [Thailand], where I live, 95% of people wouldn't know there is a crisis in Europe. - in The 2012 Barron's Roundtable

Faber : In 2012 Emerging Economies will do better than the U.S.

Marc Faber: The U.S. stock market did quite well last year compared with emerging markets, which were down between 15% and 30%. If you are optimistic about equities, wouldn't it be better to wait for great buying opportunities in emerging markets? Some stocks in Singapore are down 50% from the highs in 2010, and some property companies in Singapore and Hong Kong are selling at 50% discounts to asset value. Sometime in 2012 I would rather be more positioned in emerging economies than the U.S. - in The 2012 Barron's Roundtable