TGR: What is the safest and easiest way for investors in North America to get exposure to emerging markets?
Marc Faber : Investors can buy exchange-traded funds (ETFs). That said, I
am not in favor of ETFs, but that is one way into emerging economies.
Face it: it's never easy to make money. If a person wants to make easy
money, then he or she should not be in the stock market. It is very
difficult to make money in stocks, because people tend not to diversify.
They tend to buy popular stocks, such as Apple. And they sell stocks
that are temporarily out of favor, such as mining stocks at the present
time. They buy high and sell low. Not a recipe for success.
And what is safe? Traditionally, money in the bank is safe. But, as
we've seen in Cyprus, it's not so safe, because the deposit earns zero
interest, while the cost of living increases between 5% and 10% per
annum. Money left in the bank loses purchasing power. - in The Gold Report
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.