Prepare for war

I think you have to be prepared for war, and in war times gold does well. And you have to have the gold spread out across the world. Hold gold not gems, because if you are stuck in the jungle in Africa they know what gold is but not necessarily other commodities. - in Ira Sohn Conference



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

China Housing bubble will burst

Marc Faber : ....I think that if we define a bubble by artificially low interest rates and excessive credit expansion then China has a gigantic bubble , but in the contest of economic development the bubble will burst for sure , I do not know tomorrow or in three weeks or in three months and when it burst they will also be also world champions in money printing they will be exactly what Mr Bernanke has done and so I would rather bet that eventually the RMB could weaken against the US Dollar that's why I am not so bearish about the US Dollar right now , I think among the sick currencies it may be OK for the time being ...when the Chinese bubble burst they'll have a recession but as you know the US economic history 1800 to today how many recessions you had ? the civil war world war one depression world war two and the country still kept on drawing and the same could happen in China ...but I mean I go along with Jim (Chanos?) and I think it's a gigantic bubble and it will burst ...and this will have a huge impact on the rest of Asia on Australia Canada Brazil , the resource producers - in Bloomberg TV


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

Bernanke & the Great Depression

Bernanke is an expert on the Great Depression, but he does not know what caused it.
- in Ira Sohn Conference

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

I do not like Treasuries for the long run

Marc Faber : ...well I do not like treasuries for the long run but I think they could rally somewhat for the next three months you know they are not going to collapse for the next three months , and the dollar will probably strengthen against the Euro for the next three months that will be my impression , so if you have large exposure to foreign currencies I would rather now move back to US dollars , I think there is an asset class in the US that is inexpensive but it won't go up but it is inexpensive is real estate , yes very inexpensive compared to the rest of the world ...in investment you have to be patient , the impatient people they always buy things that are moving right at the end of their trend like the NASDAQ in year 2000 like commodities in year 2008 at the peak and so forth and so on ...you better buy things that are depressed even if you have to wait five years but they offer some value"  -  Bloomberg TV




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

Ben Bernanke dropping 1 trillion dollars

"If Ben Bernanke were here right now, he would drop 1 trillion dollars into this room" - Dr. Marc Faber told the Ira Sohn Conference



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

Bullish on Mexico

"According to Dr. Marc Faber, Mexico, the thirteenth largest economy in the world, is largely misunderstood. Most investors seeking emerging market exposure focus on the BRIC countries. But as Faber points out, Mexico is one of the world's largest developing economies as measured by GDP. On a per capita basis, the Mexican economy is larger than China, India and Brazil.

It is true that our neighbors to the south are coming back from one of the country's worst recessions on record. Reports of upward revisions in growth could translate into the potential for a good long-term investment.

Dr. Faber seems to think so. He continues to be pleasantly surprised by how well the Mexican economy is doing and he thinks it will continue to outperform most emerging markets over the long-term.

His reasoning is as follows; ten years ago Mexican wage rates were 270 percent greater than China's. Now Mexico's wages are only 45 percent higher than China's, and they are trending lower. What this means is that over the next 5-10 years we could see Mexico take over the manufacturing prowess that China currently holds, particularly with Mexico's close proximity to the United States. In theory, as the Mexican wage rate trends lower in comparison to China's, Mexico will attract more manufacturing jobs - thereby growing its middle-class and its economy." - in SmallCapInvestor



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