Tuesday, February 21, 2012

Marc Faber : Japan is my favorite Equity Market

Marc Faber : “I think there's a good chance that Japanese stocks will surprise on the upside," - in CNBC

Marc Faber : Gold is safer from Confiscation in Asia

Marc Faber : You know what worries me the most is this continuous blackmailing of countries by America like the Swiss they had to divulge the account names of Americans who have accounts in Switzerland , I think the Swiss government did a lousy job t should have refused to divulge this information but anyways there was enough pressure and of course the pressure rose because Swiss companies have large holdings in America so the Americans said look you do not disclose the names of these accounts we close down your shop in America and the banking lobby of course they obliged and so forth , but I am worried that one day if the US does the same as in 1933 namely seize the gold they did not expropriate they paid for it , if that happens again they will go to the Europeans and to the Swiss and tell them that they have to do the same and probably they would oblige , but in Asia I don't think the Americans could do that , so i keep some gold in Asia and the bulk is still in Switzerland but I am thinking about moving it more and more to Asia - in Stansberry Radio
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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.

Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.