Sunday, September 15, 2013

All Governments around the world lie about Inflation

"In terms of investment, there is nothing safe any more. The US money-printing has distorted all asset prices while cash in the bank has not given you any return when inflation is adjusted. Inflation in Thailand is running at 10 per cent per annum. I don't look at the government's statistics. All governments around the world lie" about inflation.

"My investment strategy during this time is that you have to diversify and minimise your risks from economic, political, geopolitical and other factors. Your portfolio should include properties, stocks and equities, corporate bonds, gold and silver, plus cash. It should be 25 per cent of each, or 125 per cent - just to mimic the US accounting standard where things now do not add up. - in nationmultimedia


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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