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Faber Favours Commodity Stocks In India, Asia … and Gold

Faber Favours Commodity Stocks In India, Asia … and Gold

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Respected economic historian and author of the “Gloom, Boom and Doom Report,” Dr Marc Faber has warned about the continuing and coming decline of western economic power.

He believes that the generation of young people starting to work today will be the first in two hundred years to have a lower standard of living than their parents had. He believes dividend paying Asian stocks will grow wealth in the coming years and remains an advocate of owning physical gold.

In a video interview with Barron’s, Dr Faber states,

“I meant that with respect to western societies and Japan where essentially the younger people – today’s generation – will earn less than their parents and they will have less wealth than their parents, inflation adjusted.”

“[This is] because we will have wealth taxes, we will have more estate taxes and we have essentially declining real median incomes in the western world and Japan.”

Faber has consistently warned since the late 1990’s that this dynamic would come to pass as the West and the U.S. in particular exported its industrial infrastructure and binged on consumer junk fuelled by easy credit while the emerging economies of east Asia used the proceeds to focus on production rather than consumption to become industrial powerhouses.


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“I Wouldn’t Hold My Gold in the U.S. At All” – Faber

I Wouldn’t Hold My Gold in the U.S. At All” – Faber

Dr Marc Faber has again urged people in the world to be diversified, own physical gold and to be their own central bank.

Dr Marc Faber on Gold

In another fascinating interview with Bloomberg, Dr. Marc Faber covered Japan’s massive QE experiment, the slump in oil prices and the importance of diversification and owning physical gold.


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“I Want To Be Diversified, I Want To Own Some Gold” – Faber

“I Want To Be Diversified, I Want To Own Some Gold” – Faber

Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC.


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Gold Lockdown Until Options Expiry Monday – New Singapore Gold Contract Threatens Manipulation

Singapore’s plans to become a gold and precious metals hub took a key step on Thursday. Jim Rogers, Jim Sinclair and Marc Faber have extolled the virtues of owning physical coins and bars in Singapore. “Individuals are making a mistake if they’re holding all their assets in one country.…I still have the majority of my gold in Switzerland, but I am already moving gold to Asia,” Faber recently said.


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ECB Negative Interest Rates To Weaken Euro, Make Non Yielding Gold More Attractive

If banks charge an interest rate to keep cash in a savings account or current account then gold bullion becomes a much more appealing asset. Some depositors will rightly now see non yielding but safe haven gold as increasingly attractive. (more…)

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Faber On Gold: “I Buy More Every Month”

“People think they know what the future holds… and what Central banks are up to.. they don’t… I will never sell my gold and I buy more every month… I would not be short gold,” Faber said. Faber adopts the prudent strategy of dollar cost averaging or gradually accumulating a position over time rather than investing a large lump sum at once. (more…)

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Faber: Gold Good Value, Diversify With All Precious Metals – Safest To Store In Singapore

Faber discussed the importance of not owning gold stored in the U.S., why Singapore is safest for gold storage, the risks of bitcoin & how small countries should revert to national currencies. The interview can be watched here … (more…)

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“Bail-In” Of Banks Likely – New Rating Agency

“Banks are still too big to fail, the only difference is that somebody else will pay to avoid a failure, and that somebody else is the creditors …”  It is important to realise that not just the EU, but also the UK, the U.S.  and most G 20 nations have plans for bail-ins … (more…)

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Faber – “How Could You NOT Own Gold?”

Jim Rickards said that gold should remain an essential part of diversified portfolios and Mark Faber pointed out that the question should be “how could you NOT own gold?” Faber has said that he favors owning gold in fully allocated gold accounts in Singapore and Switzerland. (more…)

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UK Budget Allows Bank Accounts To Be Raided

Shockingly, HM Revenue & Customs will be able to directly access taxpayers’ bank accounts in order to recover unpaid tax, under little noticed measures announced in this month’s Budget speech. The significant HMRC legislation change was buried deep in the Budget document and comes amid preparations by the Bank of England for bail-ins. (more…)

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Dr Marc Faber: Entering Terminal Phase Of Fed Bubbles

Dr Faber warned that the Middle East is a tinderbox and will go up in flames.  Punctuated by his usual dry wit, flashes of humour and dire warnings, it was a sober message and the attentive audience lapped Faber up.  Register today for our webinar with Dr Faber this Friday. (more…)

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Faber Favours Physical Gold, Silver and Platinum To Bitcoin

The Baltic Dry Index,  a measure of commodity-shipping rates, has collapsed 39% in just the nine trading days of 2014. It has fallen from 2277 at the end of December 2013 to 1370 today (see chart). This key indicator of global economic health is a warning signal for the global economy in 2014. (more…)

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