Friday, June 12, 2009

Great Investment Opportunities in South Korea Says Marc Faber

Marc Faber, editor & publisher of The Gloom, Boom & Doom Report says "Now is the time to go into the South Korean market as it will not hit new lows" . there are great investment opportunities there ..it is a leveraged economy ...Dr doom said he came to Asia in 1973 and South Korea was one of the first countries he visited and he later invested in South Korea in the late 70s and he made a lot of money there ...Dr Doom added " I have to say it is a country along with Singapore Taiwan Honk Kong that has developed enormously over the past 30 , 40 years . if you look at the Korean stock market in November as was the case for Taiwan they were at 30 years low , in other words , stock market was no higher than 20 years ago ...when you have a country that has achieved huge progress over that period of time , in my view that we have made in some Asian market major lows and that it won't break below these lows it is possible that here and there we can break these lows , it is possible but particularly in Korea and Taiwan we won't break these lows "in other words would you give your money to Bernanke and Geithner or would you give to Asian business men ? ...in order to start investing in Korea , if you do not know the market you better start by buying an ETF or give your money to a manager who knows the region .,...the problem here is Inflation











MARC FABER BLOG

Current Most Popular Posts

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.