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.
See the full “Breakout” interview below:
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