Sunday, August 18, 2013

Marc Faber : The Best in The Collapse is to Hold Cash

MARC FABER Marc Faber : growth shifts around and asset prices rise but with different intensity , and we had a collapse in the NASDAQ but other stocks continued to go up until 2007 whereas the NSDAQ was still 50 percent below its high and is still even today below 40 percent of its high in 2000 and so in a collapse I think what happens is overtime everything goes down but something go down more than others and traditionally I would say the best in the collapse is to hold cash , but then the question rises what kind of cash you should hold and in what form because if you have bank deposits , and I think what happened in Cyprus is a blueprint may be you have bank deposits may be not all of it will be paid to you , in some sovereign countries may be it will be paid to you and in others may be not depending on the quality of the banking system , but in general I would say if there is a collapse all banks will suffer and then I would imagine that cash would not be necessarily the safest investment .....

 - in the latest interview with the Prospect Group
Click here to watch the full Interview>>>>>>

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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