Marc Faber : My asset allocation consists of 25% in equities, 25% in gold, 25% in bonds and cash, and 25% in real estate. I am hoping for the best. But I detect a growing movement toward populist governments in the Western world. Most governments are on good terms with the well-to-do. They have softened them with easy monetary policies, which have benefited people with access to capital. But the day will come when a wealth tax is instituted.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.