Marc Faber To Shiller: “You Keep Your U.S. Dollars And I’ll Keep My Gold”

“Everyone should keep gold in their portfolios” as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the publisher of the Gloom, Boom & Doom report. “In the worst case scenario, in the systemic failure that I expect, it would still have some value,” Faber, who is also the founder and managing director of Marc Faber Ltd., said today at an event hosted by Evli Bank Oyj in Helsinki. Faber said his outlook was so bleak that he is “hyper bearish”. He joked that “sometimes I’m so concerned about the world I want to jump out of the window.” He wisely said that `I advise everyone to have some gold.' Faber said that he thought there could be a flight out of cash and overvalued bonds and into equities and gold. In response to a question from Yale University’s Robert Shiller querying the recommendation to hold gold, Faber said: “I’m prepared to make a bet, you keep your U.S. dollars and I’ll keep my gold, we’ll see which one goes to zero first.” Faber, whose advice has protected millions of investors in recent years, warned of a global systemic crisis possibly due to massive size of the global derivatives market which is now worth over an incredible $700 trillion. He warned “when the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system.”

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

Marc Faber couldn’t attend the Barron’s Roundtable 2013

Marc Faber, editor of the Gloom, Boom & Doom Report, couldn't make it to this year's Roundtable, but they are keeping his seat warm for 2014. They have a good hunch there will be even more to talk about then. Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Best Marc faber Quotes for 2013

FABER: `I'M HYPER BEARISH, SOMETIMES WANT TO JUMP OUT WINDOW'
FABER: `PLACE FOR KEYNESIANS IS NORTH KOREA'
FABER: GOLD WOULD STILL HAVE VALUE IN WORST-CASE SCENARIO
FABER: `I ADVISE EVERYONE TO HAVE SOME GOLD'
FABER: VERY CONCERNED ABOUT LARGE SIZE OF DERIVATIVES MARKETS
FABER: SOME VALUE IN EASTERN EUROPE, BULGARIA, UKRAINE
FABER: PRINTING MONEY WON'T HAVE EQUAL EFFECT ON ALL PRICES
FABER: MAY SEE FLIGHT TO EQUITIES AWAY FROM CASH AND BONDS
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Buy stocks in Vietnam, China, Japan

Money will shift from some of the relatively high-valued markets into markets that had a horrible performance, he said. So as an investor, if you need to own stocks, then I'd be in Vietnam, in China and in Japan.

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

Caution on China and chinese stocks

Marc Faber was recently heard saying that he thinks last year was a great year for the stock markets but this year could be tough to be bullish. Also he urged investors to be cautious on Chinese equities.

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

European stocks are a long term buy

We may have seen a generational low in European markets last year 2012. The long term investor will probably earn quite well out of European equities and especially from individual stocks. There are many companies in Europe that at the moment are paying quite high dividends.

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

Japan and Chinese stocks are good buys

We could see gains in equities in Japan and China as they under-performed last few years. However there is potential for social unrest in countries such as Egypt and Ethiopia. Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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

Marc Faber at 2013 Skagen Conference

At the recent 2013 Skagen conference in London Marc Faber reiterated his views that this year is likely to be a more difficult environment than 2012. Faber urged caution over China's growth outlook. On his overall investment outlook he says ‘I’d be reluctant to be heavily short anything right now. For an investor, cash is not desirable but I would say that for the next 3 months it may make sense,’ Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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 is a safe investment for worst case scenario

At an event hosted by Evli Bank - Helsinki, Marc Faber spoke favorably about gold. In the worst case scenario, in the systemic failure that I expect, Gold would still have some value. When “the system goes down and only plastic credit cards are left, maybe then people will realize and go back to some gold-based system or such. He added that he was so hyper bearish of your outlook and added, "Sometimes I’m so concerned about the world I want to jump out of the window.” Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

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

Hold european equities

Recently Dr. Marc Faber revealed that he still thinks European stocks can go higher. 'I still hold European equities and I believe that they were at the lowest level in this generation last summer. I should have also perhaps bought Greek equity.'
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.