Sunday, February 23, 2014
Not a good time to Buy Real Estate in Thailand
Marc Faber said he put 25 per cent of his money in stocks in Europe, Canada, and Asian markets including Thailand, which accounts for the largest chunk of his equity holding in the region. He also believes investors should allocate another 25 per cent of their assets to gold and gold-mining stocks, as the price of the precious commodity is "in the process of bottoming out". As to real-estate investment, Vietnam is very interesting. But it's not a good time to buy real estate in Thailand, including in his hometown of Chiang Mai, where some properties may experience a 30-per-cent price drop.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.