Marc Faber: - Gold is an international currency

Marc Faber: Gold is a world currency

Interview by The German TV Infokriegernews.de with legendary investor Dr. Marc Faber. The key messages are:

If you believe what Robert Prechter says, you should monetize all the assets and create all government bonds in 30 year olds Us.

There is a misconception that can take place because of the large debt no inflation.

If the Dow does fall to 10,000 points, the whole system collapses.
If everything collapses, I'd rather be in the gold and have it physically in a locker.

The pension will not fulfill your obligations, because they their money to 40 - 80% have invested in shares.

The problems can move with the printing press, it's like a new coat of paint on a tear, but eventually collapses the building.

FED, A monetary system was based on gold and silver, would contain, the eXess.

Under the gold standard, there was discipline.

In the 19th century came under the gold standard, the industry is that it inhibits economic growth is therefore not proved.

The growth rates in the 19th century were larger than in the 20th.

Gold is an international currency,
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, MARC FABER LIMITED which acts as an investment advisor and fund manager.
Dr Faber publishes a widely read monthly investment newsletter "The Gloom Boom & Doom Report" report which highlights unusual investment opportunities, and is the author of several books including “ TOMORROW'S GOLD – Asia's Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “ TOMORROW'S GOLD ” was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world.
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.