Friday, April 1, 2016
Marc Faber - Negative Loan Costs are a seizure of Savers
Marc Faber - Gold Silver Price Crash 2016 - Analysis
Marc Faber On Gold, Government Theft And Negative Interest Rates
After a wild begin to the 2016 exchanging year, today legend Marc Faber talked with King World News about gold, government burglary and negative loan costs.
Eric King: "Other than the cash printing, which is an approach to attempt to blow up out of this (obligation) bad dream, ought to government robbery be a major sympathy toward financial specialists?"
Marc Faber: "Yes. There are currently more than $8 trillion worth of government securities with negative loan costs. Negative loan fees is an extremely intriguing legitimate case on the grounds that in many constitutions it is composed that confiscation is impossible. Be that as it may, negative loan costs are basically a seizure of savers' cash."
Eric King: "Marc, we've had this enormous rally off the lows in the gold business sector and it appears to have colossal quality underneath it — your considerations on gold."
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.
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.