American Banks are not Safe because of their Derivative Portfolios

Marc Faber : "Now I happen to believe if you have money on deposit in Thai banks, it's much safer than if you have deposits with Citigroup, UBS, Royal Bank of Scotland and so on, because Thai banks don't have huge derivative portfolios. JPMorgan, they have trillions of dollars in derivatives. Nobody knows how to value this 'garbage'." - in The Nation a Thai Newspaper

I will Never Sell my Gold

Marc Faber : "The purchasing power of money has depreciated a lot, and maybe the gold is still cheap. I will never sell my gold," - in The Nation interview

Marc Faber Reasonably Positive About the Future of Thailand

Marc Faber : "Thailand is unlikely to be a dynamic economy. It's not going to be like South Korea or Taiwan. In the long run, it could easily grow at 4-5 [per cent] per annum for the next 10-20 years unless the whole global economy collapses. "It's like in the US ... tension between the Democrats and the Republicans are very high ... they just can't agree on anything. In Thailand, I don't know ... the red shirts, the yellow shirts ... both have probably some good and bad points. There is still too much corruption," - in The Nation interview

Marc Faber Worried About Cronyism in Thailand

Marc Faber : "I think that, to be quite honest. I as an investor, it concerns me that, for instance, the government appoints principally people connected to Mr Thaksin for, say, Thai [Airways] International,"
"As an investor, to me it sounds very strange that people who run large companies are appointed by the government and that the government then favours people that are supportive of them. There is |still a lot of so-called cronyism. |In other words, I have political power and you're a businessman or you are someone who was at the party before and I give you a good job and the position of power," Marc Faber said speaking at his home in Chiang Mai in an exclusive interview with The Thai paper The Nation .