Tuesday, November 9, 2010

Marc Faber on CNBC 11/09/10

Nov. 9 2010 | Discussing the real cause of the financial crisis, with Frank Berlage, Multilateral Partners Global Advisory Group, and Marc Faber, The Gloom, Boom & Doom Report.

Marc Faber : I am not very keen to buy emerging economies at the present time

Marc Faber :....."...Basically I am not very keen to buy emerging economies at the present time and I would rather lighten up positions. As far as the equity allocation between equities, bonds, cash and precious metals, commodities and real estate is concerned, that depends on every individual. It is like if you go to the doctor and you tell him ‘oh, what kind of pills shall I take?’ That depends very much on the individual, on the status of his health, on his ailments and so you cannot generalise.

But for me, I like Asian real estate, I like equities in Asia, I still like precious metals and I like in particular physical precious metals. I also own gold shares because I am the chairman of several resource related companies, mining companies in the exploration domain and so I own them. But my preference is for physical gold and silver and then I own real estate and I have some bonds not because I particularly like bonds, but I look at corporate bonds as kind of an equity with a relatively high dividend. " in an interview with the economictimes.indiatimes.com dated 28 Sep, 2010

Gonzalo Lira : How Hyperinflation Will Happen

Tarek Saab of TrustedBullion interviews financial blogger, Gonzalo Lira. Interview covers:

-The growing angst among baby boomers
-Lira's article "How hyperinflation will happen."
-Trouble in the Eurozone


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