He does not seem to have a good grasp of modern economy/market. Have a look on his wikipedia page in the 2010s calls section. Almost all wrong. He got famous by one good call in the 80s and that's it..The Asia Frontier Capital asia fund that he advises the performance is pretty average.
Dr Marc Faber SPEAKS...
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He does not seem to have a good grasp of modern economy/market. Have a look on his wikipedia page in the 2010s calls section. Almost all wrong. He got famous by one good call in the 80s and that's it..The Asia Frontier Capital asia fund that he advises the performance is pretty average.
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Alright will consider that, thanks.
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Marc Faber: Hold Gold And You Will Sleep Well At Night
May 12, 2018
https://www.silverdoctors.com/gold/gold-news/marc-faber-hold-gold-and-you-will-sleep-well-at-night/
May 12, 2018
https://www.silverdoctors.com/gold/gold-news/marc-faber-hold-gold-and-you-will-sleep-well-at-night/
Knobby22
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He is always predicting doom and saying you should invest in Gold. If you did it over the last 10 years you would have gone backwards during good times.
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Doctor Faber's predictions in 2009:
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Lol, the leaned back dragging on a cigarette attitude. "The poor people might eat inferior foods but with more pleasant table companions - and better looking." Don't buy reits near socialists (Alexandria Ocasio-Cortez). Precious metals are not trading as speculative assets - doesn't seems to be expecting much from them in near term.
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Was a pleasant video?
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U.S. firm, CXO tallied up the 6,500 forecasts for the U.S. sharemarket by 68 market gurus for the years 2,005 to 2,012.
The result ? less than half got it right. Just 47% .
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but a broken ( mechanical ) clock is right twice a day
but i guess the moral of the story , having a back-up plan can be wise
but i guess the moral of the story , having a back-up plan can be wise
Sean K
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I've only ever heard Dr Mark being extremely bearish. Has he ever been long on anything but gold?
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did you watch this video @kennas ?
He is not actually especially long gold only, tells that stock while in bubble are better than cash...and did not especially pushed gold..just inflation coming and parallel with french revolution when with a knife under your throat, you give your assets..be they land gold etc
mentionned war as well which makes me more and more edgy here.
Sean K
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No, I thought I had already seen that one. Maybe it was an edited version that missed any bullishness on equities.
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not exactly bullish but stating that with inflation, stock market via dividends tend to follow..but yes a crash coming and inflation as a Fed robbery is here
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