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Sunday, December 26, 2010

Marc Faber : I will never sell any gold !

Marc Faber - one of the few international economists who really knows what is going on in the world of today and maybe even of tomorrow! His advise: accumulate gold and hold on to it !

the solution is simple to everyone problems in life and in the world: governments need to protect the money. gold and silver needs to be in the money. our labor, work has to have value cannot be only paper. assets need to be tangible metals that have value. money has to have wealth for each man to feel like a human and not a slave.If the US$ and all paper money goes to $0, what will happen to stock prices? will all stocks also go to $0 because they are all paper wealth as well right? I dont get this guy, he says paper will be worthless arnt stocks and shares valued in US$ which is paper?

Marc Faber on Bloomberg 10/26/10: QE2 to Drive Down Stocks

Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing by the Federal Reserve on stocks."Crack-up Boom". That's the term Mises uses when he talks about hyperinflation.

I'm short Treasuries and long stocks right now. I also have a small cash position in case there are any attractive aberrations. The market is undervalued right now.  gotta love marc faber he is a prodigy when it comes to financial common sense. Yeah he sure loves women LOL. he sure likes to undress women reporters alot. heck if i was worth as much as he was. I don't blame him.
He's uncomfortable at 6:03 because he's been too bullish on emerging markets in the past. I guess now he realized they're in the same bubble trouble. Recently he said that he might see a drop in his Chineses shares, but he'll keep them.
Well, you cannot always be spot on, I guess.

Who is Marc Faber of the Gloom Boom and Doom Report

Who is Marc Faber of the Gloom Boom and Doom  Report

Marc Faber of The Gloom Boom and Doom report also nicknamed Doctor Doom is a world class investor and a regular speaker at various investment seminars, Dr Faber is well known for his "contrarian" investment approach.
He is also associated with a variety of funds and is a member of the Board of Directors of numerous companies. 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.
A book on Dr Faber, "RIDING THE MILLENNIAL STORM", by Nury Vittachi, was published in 1998.

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