Paper Assets are doomed buy Gold
Those who own paper assets are doomed. I recommend the Market Vectors Junior Gold Miners ETF [GDXJ], although I don't own it. I own physical gold because the old system will implode.
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 predicts that stocks will
drop by 20 percent to 30 percent in the near future. But he personally
hopes that they will fall even further.
"I think the market is
way overdue for a 20 to 30 percent correction," said Faber, the editor
and publisher of the Gloom, Boom & Doom Report. But that is "nothing
that worries me," he said. "In fact, I'm hoping for the market to drop
40 percent so stocks will again become—from a value point of view—attractive."
Faber added with a chuckle: "But that is not the view of someone who is fully invested—obviously not."
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
