Wednesday, July 13, 2011

Marc Faber : my stock portfolios are concentrated in Asia

Marc Faber : ..I suggest that people accumulate Gold , they should not market time the Gold market because we are going to have volatility and so on and so forth , but if I look at the faces of Tim Geithner of Ben Bernanke of Mister Obama and Larry Summers that I will never sell any gold that's for sure , as long as these people are essentially structuring economic policies fiscal and monetary policy and foreign policy no thank you I will keep my Gold ....I will not buy paper money , but I also have stock portfolios but my stock portfolios are concentrated here in Asia I think this year they'll go down in value but I do not feel comfortable holding too much cash because ultimately cash will be worthless - in The Financial Times

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