Best place to store gold is Asia- Marc Faber

I wouldn't store it[Gold] in the US. I would rather store it in Singapore or in Hong Kong or maybe you bury it somewhere. 

But as I mentioned earlier, I think the tendency is going to be for politicians that have completely failed and utterly failed to essentially blame rich people for wealth inequality and then they will go to the people, to the masses, and say, "You know what? What we have to do is take away their gold. These are the people who damaged your economy. Let's take away their gold." 

And in the US they may do that, and in the ECB in Europe. The horrible politicians in Brussels and the US government are one in the same. They will go to the Europeans and say, "If we do it, why don't you also do it?" and Draghi and all these characters will say, "Yeah, good idea." 

And then they'll knock on the door of the Swiss and the Swiss, who have no backbone anymore – except their soccer team, who consists of foreigners, not Swiss, all born overseas or children of foreigners in Switzerland – the politicians and the Greens and the Socialists will say, "Yeah, good idea. Take the gold from the rich people." So my view is it's probably best to hold gold in Asia and Singapore and Hong Kong where there is a culture of private property and a culture of gold. 

Higher taxes slows country growth and personal freedom

I oppose higher taxes under any circumstances because higher taxes allow the government to expand and, in the process of expanding, to retard economic growth and curtail individual freedom. We are all aware of how dysfunctional and wasteful the US government is. 

In some European countries, the situation is not much better or is even worse. 

 via Economist

Does anyone really want to give the government more money with which to wage additional senseless and extremely costly wars, and to distribute even more food stamps, and to allow even more people to receive disability benefits ?

US stocks dont have much higher to go

I think US stocks wont go too much higher from here and there is considerable downside risks.

Europe has current account surplus but their economy is in a recession and this will affect the US stocks as well. Bulk of the US corporations profits come from Europe. Also at the same time global liquidity is contracting.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

European stocks are a long term buy

We may have seen a generational low in European markets last year 2012.

The long term investor will probably earn quite well out of European equities and especially from individual stocks. There are many companies in Europe that at the moment are paying quite high dividends.


Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.

Marc Faber Says Europe Should Dissolve the EU for Economic Growth - TheMarket Oracle

Marc Faber on the Euro-zone crisis, that the problem is that governments cannot agree to sticking to the 3% budget limits and the only option they have is to print money. The best solution is to dissolve the EU and let the markets sought things out.

 Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.