Friday, September 23, 2016

Marc Faber : The System is so Overleveraged




 "When I think of central banks, I think of alchemists," Faber, also known as Dr. Doom for his pessimistic views, told CNBC's "Squawk Box" on Thursday.

"They were trying to mix all kinds of powders and chemicals to produce essentially gold. And they all failed," he said, although he noted that some alchemists did produce other useful chemicals during their ill-fated search for the precious metal.

"But the central banks are just mixing water, in other words, paper money, and the results cannot be a favourable outcome in the long run."

"It's possible that suddenly inflationary pressures will be there, that central banks should then act but they cannot because the system is so overleveraged,"





















Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Thursday, September 22, 2016

Marc Faber: Central bankers are like alchemists


Marc Faber says central banks doomed to fail, as Fed, BOJ decisions come under microscope







"When I think of central banks, I think of alchemists," Faber, also known as Dr. Doom for his pessimistic views, told CNBC's "Squawk Box" on Thursday. "They were trying to mix all kinds of powders and chemicals to produce essentially gold. And they all failed," he said, although he noted that some alchemists did produce other useful chemicals during their ill-fated search for the precious metal. "But the central banks are just mixing water, in other words, paper money, and the results cannot be a favourable outcome in the long run."








Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Wednesday, September 21, 2016

Marc Faber on Gold as Investment

http://www.bbc.co.uk/radio/player/p047sf8d#



Justin Rowlatt hears both sides of this age-old argument. Swiss investor and gold enthusiast Marc Faber explains why he keeps gold bars tucked away at his home in rural Thailand. Meanwhile financial advisor and Big Picture blogger Barry Ritholtz teases goldbugs for succumbing to what he considers their very human irrational tendencies.
Plus, we hear from Bandana Tewari of Vogue magazine about why her home country of India will always be besotted by the bling of gold.
(Picture: Indian model sports gold jewellery for Diwali; Credit: Noel Seelam/AFP/Getty Images)










Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Dr. Marc Faber Tomorrow's Gold







Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.