Subscribe via Email:

Friday, January 17, 2014

Marc Faber dislikes Bitcoin, Facebook

Marc Faber on if he would invest in Bitcoin:
I prefer physical gold, silver, platinum to Bitcoin. Bitcoin can have a lot of competition. Gold, silver, platinum dont have any competition. How do you value a bitcoin ? I can value Gold to some extent to say Gold to the quantity of money floating around the world, the wealth increase, to the credit increase, to the production costs, so I have any idea of where Gold should be. I'm not sure because prices overshoot.

Dr Doom's opinion on the social media giant Facebook (FB)
I think it is a to a large extent a Fad and people they go on facebook. For most people what people do is, they put a picture on, and the only people that watch these pictures are themselves. They all want to be stars. Its a very distracting type of occupation. I cant imagine that this would have a lot of value. The question is how much use it is.

On what he would rather buy than FB:

I would rather own, I dont own it because its very highly priced, a company like Alibaba, Amazon, Google than Facebook personally. That is my view.

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

Popular Posts