Marc Faber: Ease Up on Stocks, Gradually Accumulate Gold
It may just be a sign of the times or could suggest something more sinister, but whatever the reasoning, doom is making a comeback. I mean, how else can you explain the fact that there is currently not one – but two – different shows dedicated to building doomsday survival bunkers on TV? Add in a smattering of apocalyptic forecasting, the Mayan Prophecy, some Iranian nuclear threats, and a some solar flare phobia, and suddenly “Dr. Gloom, Boom & Doom” is looking rather mainstream.
Of course I am referring to the newsletter written by noted Swiss economist Marc Faber, but when compared to the end-of-the-world scenarios of his fellow doomers, Faber’s outlook seems modest. After all, he’s only talking about money.
Even so, when you read his predictions like a “sudden, violent wealth destruction” on the magnitude of 50%, you tend to pay attention. And just like a good doctor should, Faber has written a prescription for survival which we discuss in the attached video.
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
See the full “Breakout” interview below:
Related: (NYSEArca:GLD), (NYSEArca:IAU), (NYSEArca:GDX), (NYSEArca:GDXJ), (NYSEArca:UBG), (NYSEArca:DGL)
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