Monday, June 18, 2018

Marc Faber June 2018 interview



Click here to download the audio interview


Topics discussed

-US policy makers
-Chinese steel producers 
-Trade discussions are distorted
-Most people want more government (not less government) according to statistics/polls.
-High Rents in certain US cities
-Standards of living West vs East

Monday, June 4, 2018

Why precious metals can go much higher longer term

Gold has been seen as a hedge against inflation and some have some have considered it as an "insurance" hedge. Recently crypto currencies such as Bitcoin, Ether, Ripple have been making headlines among investors. Marc Faber believes crypto's will end badly and that precious metals such as Gold will go much higher.



"We had a total neglect of gold and other commodities in 1999, and then gold rose from $255 to a peak in September 2011 of $1,921. At that time, there was a lot of speculation in gold and in other precious metals and other commodities. And since then we've been at a bear market until December, 2016, when gold approached $1,000.

Since then, as you know, we've been up something like 30 percent, and it is true, there is some speculative interest in gold, but nothing compared to crypto-currency. People that look for an alternative to paper assets like bonds and equities, they're all gambling on cryptos. I don't think that cryptos are safe. Now they may move up and they may move down but I, as an investor for the ultimate crisis, I prefer to be in physical precious metals, gold, silver, platinum.

I think, eventually, these precious metals will come back into the investment portfolios of major institutions and individuals. The major institutions of the world, they hold practically no gold. They have more money in Apple, they have more money in Amazon, than, say, in gold. And I think that will change over time, but I don't know whether it will be tomorrow or in three years’ time, but my view would be that if you really look at the financial situation, the unfunded liabilities, the government deficit, the inflated asset prices, the conclusion is central banks will have to continue to print money, otherwise the system collapses. That, in my opinion, will boost precious metals prices."


via www.moneymetals.com/podcasts/2018/04/27/can-us-be-trusted-to-hold-everyones-gold-001465

Friday, June 1, 2018

The Neo-cons have created a foreign policy that may be harmful for the US

Is the US crazy or stupid to push Russia and China closer ? Read Dr Faber's thoughts below on what the Neo-cons have done.




"I think for the first time in Bretton Woods, we have less confidence or less faith in the U.S. dollar as a reserve currency. I think the U.S. policymakers, especially the Neo-cons, had the talent to antagonize Mr. Putin and also Mr. Xi in China.

By doing that, they have actually managed to get them closer into an economic and political alliance. And the goal of these two countries, Russian and China, is probably to gradually move away from a dollar system. I'll tell you, I personally, I'm not a U.S. citizen, I'm just an international observer of economic, financial, and political trends. I cannot imagine a foreign policy that would be worse for the U.S. itself than what the Neo-cons have engineered. I just can't imagine."



via www.moneymetals.com/podcasts/2018/04/27/can-us-be-trusted-to-hold-everyones-gold-001465

Thursday, May 31, 2018

A US trade war would cause the US Dollar to rally

President Donald Trump is attempting to change US trade policies and it is causing some tension around the world. If President Trump actually causes a Trade War, it may hurt the US more because it would cause the US inflation rate to rise.

"My view is that, actually, the Trump administration, for which, I would have voted for Mr. Trump, but he proves every day that he's a completely clueless individual. He says one thing and then does something totally different. He changes his view all the time. And I think, quite frankly, there is a trade war which maybe won't happen, but if there is one, the U.S. will be the big loser, because consumer prices in the U.S. will go up and that is not desirable at the present time, as the Fed is already tightening and interest rates have been rising, so what it will mean is, if there is a trade war, initially the dollar will actually rally. But this is precisely what the U.S. shouldn't have, a very strong dollar."


via www.moneymetals.com/podcasts/2018/04/27/can-us-be-trusted-to-hold-everyones-gold-001465

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