“Basically, we’ve been in a correction since 2011, some informed
observers they think that the market is manipulated, I don’t know. But I
have always argued, we don’t know how the world looks like in 5 years’
time, maybe the S&P is at 3000, but it could also be at 1500, we
just don’t know. There’s a lot of manipulation through fiscal and
monetary policies. Now, I want to be diversified, I want to own some
gold, I want to own some shares, I own the most in Asia, and some in
Europe because I think in Europe there’s still better value than in the
US, and I own some bonds and cash and real estate. So, I hope that when
the collapse happens, I’m only going to lose 50% of my money. “
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
