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Sunday, September 29, 2013
The Fed is creating a SHTF Situation
I recommend an asset allocation of about 25% in equities; 25% in fixed income, securities and cash; 25% in real estate; and 25% in precious metals—gold, silver. I think I have around 25% in gold whereby I don't value my gold.
I have it and it's my insurance policy. It is important that one day when the so-called shit hits the fan—and I think the Fed is well on its way to creating that situation—you have access to your gold, that it is not taken away.
- Faber said at Sprott Resources Round-table
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.