Video - Marc Faber : Australia is Part of Asia

Marc Faber : Australia is Part of Asia


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber cautious on Australia

Dr Marc Faber of the Gloom Boom and Doom report is said to be moderately positive about Australia for years thanks to the resources boom but is now concerned of a huge credit bubble on the household level. These debts will be a burden for years to come.

Once you are so heavily indebted, then obviously your consumption will grow at a slower pace.

Marc Faber cautious on Australia

Dr Marc Faber of the Gloom Boom and Doom report is said to be moderately positive about Australia for years thanks to the resources boom but is now concerned of a huge credit bubble on the household level. These debts will be a burden for years to come.

Once you are so heavily indebted, then obviously your consumption will grow at a slower pace.

Marc Faber on Investing in Australia

Have been moderately positive about Australia for years thanks to the resources boom but now concerned of a huge credit bubble on the household level. These debts will be a burden for years to come. Once you are so heavily indebted, then obviously your consumption will grow at a slower pace.

Marc Faber cautious on Australia

Dr Marc Faber of the Gloom Boom and Doom report is said to be moderately positive about Australia for years thanks to the resources boom but is now concerned of a huge credit bubble on the household level. These debts will be a burden for years to come. Once you are so heavily indebted, then obviously your consumption will grow at a slower pace.

Hold Physical Gold in a Country like Australia regardless of the economic outcome

Marc Faber : “I would hold physical gold with a country that has a culture with gold such as Australia. In a collapse, the gold price could fall 50 percent, but if everything else falls by 90 percent, then you are relatively well off. So I would hold some physical gold regardless of the economic outcome,” - in CNBC Asia