Dr Marc Faber is scheduled to reiterate how global bubbles are created and predict when they will burst at the Vietnam Investment Forum (VIF) 2014 to be co-organised by VIR, Malaysian-owned HVS Securities Co. and Hong Kong-based Asia Frontier Capital (AFC).
“Given all the money printing that is going on globally – and not
just in the US – and given that the total credit as a percent of the
advanced economies is now 30 per cent higher than in 2007 before the
crisis hit, I think that gold is a good insurance.”
buy something that is reasonably priced. And, I think gold shares are
very inexpensive. So a basket of gold shares I think next year (2014)
could easily appreciate 30 per cent. “I think the Vietnamese stock
market will continue to rise.” He said last year
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.