Wednesday, September 17, 2014
When The Collapse happens, I hope I’m only going to lose 50% of my Money
“Basically, we’ve been in a correction since 2011, some informed observers they think that the market is manipulated, I don’t know. But I have always argued, we don’t know how the world looks like in 5 years’ time, maybe the S&P is at 3000, but it could also be at 1500, we just don’t know. There’s a lot of manipulation through fiscal and monetary policies. Now, I want to be diversified, I want to own some gold, I want to own some shares, I own the most in Asia, and some in Europe because I think in Europe there’s still better value than in the US, and I own some bonds and cash and real estate. So, I hope that when the collapse happens, I’m only going to lose 50% of my money. “
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.
Posted by Nicole Bourbaki