Wednesday, December 22, 2010

Where Marc Faber is Investing his Money

Marc Faber is Investing his Money
Bloomnberg TV : So then - but you have a lot of your investments in Asia, Marc. Then what are you doing?
Marc Faber :"...Well, as recently, but I've been lightening up. I still have positions because I don't see a lot of alternatives. I own gold and silver. And I own real estate. And I own equities. But I'm not attracted to buy US treasuries at this stage, although I have to say maybe in the very short run, say the next 10 days to two weeks, treasuries could rebound in kind of a technical rebound. But that isn't the long-term view. I think in the long run, interest rates will go up. And they'll be eventually significantly higher. In my view, the 10-years treasury note yield should be around 5 percent...."
Marc Faber in Bloomberg Television Dec 09 2010

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