Sunday, April 5, 2015

Diversification is the ideal remedy for Market Uncertainty


Marc Faber believes the PBoC may have accumulated thousands of tons of gold bullion reserves, many fold the official figure, in anticipation of a gold backed Yuan / renminbi. China boasts the most trading partners of any nation, 124, making a sound and readily acceptable currency, an essential ingredient for global expansion. The modus operandi includes a gradual weakening of the Yuan, to the benefit of the manufacturing and exporting sectors, followed by the introduction of a gold backed currency. En passant, the Yuan devaluation will be offset by the increased value of the massive PBoC gold stockpile. Although the domestic equities market has performed exceptionally well in the wake of the 2008 credit crisis, shares have reached frothy levels. Dr. Faber expects emerging markets to outperform US equities, presenting an opportunity for wise investors to reap rewards via foreign shares. The trend of domestic corporate share buybacks is emblematic of an equities market bubble. Diversification is the ideal remedy for market uncertainty / volatility. Dr. Faber distributes his funds among cash, real estate, stocks, bonds and precious metals (25%). Eventually, investors could be vilified for their gold investment related, windfall profits, becoming the target of officials, burdened by sagging tax revenues and unpayable debts. Therefore, it is advisable to relocate gold investments in safe havens located in Asia, outside the jurisdiction of potentially unscrupulous officials.- in Goldseek Radio



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.

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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.