MARC FABER

MARC FABER

Monday, March 12, 2012

Oil Prices projections for the next 3-5 year

Marc Faber : Well, you’ll have to give me a second. I need to call Mr. Ben Bernanke and ask him how much money he will print. Commodity prices were in a bear market from 1980 to 1998, and since then they've gone up. But because of expansionary monetary policies and artificially low interest rates they have increased more than would have otherwise been the case. We don't know exactly how long this asset bubble will last - but say if you had interest rates in real terms, of five percent, instead of negative five percent, then I think all commodity prices, including gold, would be lower. - in OilPrice.com

Marc Faber : Investors shouldnt Buy Oil right now

Marc Faber : I think there is a risk that oil prices will go much higher. At the same time, the bullish consensus on oil is now at one of the most elevated levels it's ever been. In other words, from a contrarian point of view, you shouldn't buy oil right now. I think it may go down somewhat. In general, if trouble breaks out in the Middle East, or if there is a war, I think the price of oil could go much higher. - in an interview today with OilPrice.com

Marc Faber : big correction in Gold if they stop printing money

Marc Faber : "All I'm saying is that, in my opinion, the gold price correction is not yet entirely completed,"
"I see significant support around the $1,500 an ounce level, but it could drop lower."

"We could have a big correction if global liquidity tightens or they stop printing money," - Marc Faber said during the Middle East Investment summit at the Jumeirah Beach Hotel in Dubai last week as reported by Gulfnews

US Treasuries and Inflation

Marc Faber : "The US will pay the interest as long as it can print money,"
"But suppose you buy a ten-year government bond that yields 2 per cent and inflation is perceived to be 5-7 per cent. To what extent would investors still buy these bonds? That question is not too far away." - Marc Faber said during the Middle East Investment summit at the Jumeirah Beach Hotel in Dubai last week as reported by Gulfnews

Marc Faber : No Better time to Buy Gold than now

Marc Faber : Gold is nowhere near a bubble phase and there is no better time to buy it than now considering the violent volatility global markets could face in the context of the economic uncertainties and excessive liquidity central banks are pumping in.
I don't believe gold is heading into a bubble,"
A bubble is characterized by the majority of market participants being involved in a market space. I saw a gold bubble in 1979-1980, when the whole world was dealing — buying and selling gold 24 hours a day, globally.- Marc Faber said during the Middle East Investment summit at the Jumeirah Beach Hotel in Dubai last week as reported by Gulfnews
MARC FABER BLOG

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.