Bloomberg TV Carol Massar and Matt Miller talk to Marc Faber

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about global financial markets, commodities and investment strategy. Faber speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."


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

Gold Price Trend Is Up, But Near Term It Can Drop

I am not sure how high the price of gold or silver will increase but when I consider the further inevitable growth of the US and other governments’ debts, the creation of paper money in the world and especially at the low gold ownership rate in the world, I am confident that the price trend of gold is up. (But) near term I think the price could drop. - in The Jakarta Globe

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

If The S&P Goes To 1000 Or So, The Fed Will Pump Money Into The System Again

Basically we have a lot of volatility. As you know over the last 12 months the S&P 500 Index rose from 1010 on July 1st, 2010 to a peak on May 2nd of 1370. Then we dropped to 1101 and now we are at 1178. So we have a lot of volatility. I think the market may rebound somewhat more here because we are very oversold and some technical indicators have turned positive including insider buying. But in general I think it will be extremely difficult for stocks to make a new high and after this rebound I think we will drift lower. Not to say that we will collapse because if the S&P 500 Index drops to 1000 or so, the Fed would certainly pump again money into the system. - in Fox Business News,

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

10 - 30 Year US Treasuries Are A Suicidal Investment

It’s a suicidal investment to own 10-year or 30-year U.S. Treasuries. U.S. government bonds are junk bonds. As long as they can print, they can pay the interest. But another way to default is to pay the interest and principal in depreciating currency.- in MarketWatch.com

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

There Will Be Many More Takeovers And Industry Consolidation In The Years Ahead

The corporate sector is not spending much money on capital investments and new investments — that’s why they have this huge hoard of cash. There will be many more takeovers and industry consolidation in the years ahead. It destroys jobs, but this is what will happen. As industries consolidate, they get more pricing power, and the cost of living increases. - in MarketWatch, Aug 19

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

Paper Money Has Lost Its Value. Hyperinflation Is The Pattern To Come.

It would be very dangerous to say "I don’t trust stocks, gold, real estate, I want to keep my money in cash. That’s a way to end up losing a lot of money... We’re in a paradoxical situation where under a traditional monetary system the safest places are cash, Treasury deposits, government bonds. Nowadays, they have been made by monetization into the most unsafe assets from a longer term perspective. Weak economies usually have higher inflation rates than stronger economies. In weak economies you have loose fiscal policies and money printing. And the U.S. is the world champion in loose monetary policies. I don’t believe a single word of what the Bureau of Labor Statistics is printing about inflation figures. Paper money has lost its value. Hyperinflation is the pattern to come. - in MarketWatch.com

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