Marc Faber : growth shifts around and asset prices rise but with different intensity
, and we had a collapse in the NASDAQ but other stocks continued to go
up until 2007 whereas the NSDAQ was still 50 percent below its high and
is still even today below 40 percent of its high in 2000 and so in a
collapse I think what happens is overtime everything goes down but
something go down more than others and traditionally I would say the
best in the collapse is to hold cash , but then the question rises what
kind of cash you should hold and in what form because if you have bank
deposits , and I think what happened in Cyprus is a blueprint may be you
have bank deposits may be not all of it will be paid to you , in some
sovereign countries may be it will be paid to you and in others may be
not depending on the quality of the banking system , but in general I
would say if there is a collapse all banks will suffer and then I would
imagine that cash would not be necessarily the safest investment .....
- in the latest interview with the Prospect Group
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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
