Showing posts with label Marc Faber. Show all posts
Showing posts with label Marc Faber. Show all posts

Thursday, June 19, 2014

Marc Faber On Gold 'Bugs' And Equity 'Cockroaches'

http://www.zerohedge.com/news/2014-06-18/marc-faber-gold-bugs-and-equity-cockroaches
...the monetary policies of central banks will lead to a further loss of purchasing power in the value of paper money. The CNBC anchor is perturbed as the market is selling gold and buying stocks; to which Faber rebuffs; investors are shunning gold "because the media doesn't like gold, nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials, and economists, who also don't own any gold. They're all stocked up in equities." "When people talk about people who are optimistic about gold, they call them 'gold bugs.' A bug is an insect. I don't call equity bulls 'cockroaches.' Do you understand? There is already a negative connotation with the expression of 'gold bug.'"

Sunday, May 19, 2013

Mark Faber quote on dollars and gold

"You keep your dollars and I’ll keep my gold. Let’s see which goes to zero first." - Marc Faber

Saturday, October 27, 2012

Barron's: Picks from the Pros

http://online.barrons.com/article/SB50001424052748704377904578072611505011562.html#articleTabs_article%3D1

Barron's: What does your portfolio look like?

Marc FaberI'm 25% in gold, 25% in equities, 25% in bonds, 25% in cash, and 25% in real estate. I use the same accounting standards as the U.S. Treasury.