Friday, July 4, 2014

Marc Faber: Deflation ‘brainwashing,’ the most attractive precious metal & central bank shenanigans


“The media and the Fed and other central bankers are brainwashing the public in fearing deflation, when in fact, there is still a lot of inflation in the system.”
“I believe in one equation: The more the Federal Reserve and other central banks print money, the worse the economy of the typical household will become.”
“I don’t quite understand why anyone would be disillusioned by the movement in the gold price,” Faber says. “In my view, there is no dock anymore because we have a money printing environment so we don’t really know where to park our boat or car,” he says. “With all this money printing, nobody – nobody – will trust paper money in the long-run.”




Kitco News speaks with Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report," to see what he thinks of gold these days. "I don't quite understand why anyone would be disillusioned by the movement in the gold price," Faber says. But has the boat left the dock for gold? "In my view, there is no dock anymore because we have a money printing environment so we don't really know where to park our boat or car," he says. Faber comments on the recent Chinese gold scandal, tensions in the Middle East as well as central banks policies ahead of the much anticipated ECB meeting on Thursday. Perhaps deflation isn't even as much of a threat that so many analysts make it out to be? Tune in now to hear more from the famous contrarian investor Dr. Marc Faber. Kitco News, July 2, 2014.

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.

1 comment:

  1. Reduced investment spending by government or individuals may also lead to this situation. Deflation leads to a problem of increased unemployment due to slack in demand.

    ReplyDelete

Dr. Marc Faber Tomorrow's Gold







Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.