Saturday, July 2, 2016
Marc Faber : All Paper Currencies are Doomed
"I am concerned that, in their quest to boost asset prices, central banks around the world have created another credit-induced gigantic asset bubble, which will in future either badly deflate, causing large capital losses for investors, or dis-inflate, producing poor future returns," Faber told CNBC on Friday.
"Investors should have some exposure to precious metals," he advised. He sees value in mining companies, agricultural stocks and oil servicing companies.
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