Marc Faber Forecast Part 2

[szol2005]

Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber

watch?v=H0sS6a9RW2E

FYI

[iwanagaa1919]

On second thought, maybe it wasn't actually Marc Faber who replied to my post. Now I feel a bit silly. Eh, well.

[iwanagaa1919]

My heart skipped a beat when I saw that Dr. Faber had replied to my little post concerning this video. As I try to learn about economics, and try to understand current problems, I consume everything that Dr. Faber says or writes. His comments seem to be based on wide experience, careful study, and rigorous thought. Marc Faber rocks!

[iwanagaa1919]

In late May 2009, during an interview on Bloomberg Asia, Marc Faber mentioned Hong Kong as a good place to store gold. He has soured on Switzerland as a place to store it.

[DrMarcFaber]

Yes......that is correct.

[30percentplusreturns]

finially someone says obama is a disaster. Its about time. Ive been saying obama is a catastrophe since hes been on oprah year ago. The guy is a fraud. This country is so stupid!

[golfprobro4eagles]

If you move your gold outside of the usa where. The usa will tell canada to open any usa citizens account. switerzand is in trouble now. Where do you hide?

[Clichyabarbes22]

Be very careful with Asia, particularly China. U really have to know the market because its easy to get ripped off & when u do get into problems there is no support because thr is a lack of regulation. Otherwise there r some very good investments.

[kahanasam]

This man is sane, reasonable, and in case you wondered..I just found out he got a PHD in economics....Magna Cum Laude.....at 24.

The world is changing, we have to be flexible.

[AntiBullS]

another thing that if u do not reinvest in 2months you will own 38 % capital gain taxes Obama administration is closing all loopholes and if u do not pay they will confiscate everything that you have got . So reinvestment is a must . This is why I see RE is about to be hot . Faber is right .

[AntiBullS]

u buy gold at low fear factor and sell at high fear factor then remove money immediately and reinvest in other assets otherwise possible currency devaluation will eat all of your profits

buy cheap extremely undervalued land in places where taxes are low . in 2-3 years you will be very rich .

[berkeley73]

Any names for mining stocks or Asian real estate?

[semicomer]

Funny, Obamabush = 0

[nibelungensohn]

5:00 Faber predicting gold confiscation?

[ormnotme]

nibelungensohn, he's said it's a possibility many times.

[MacSlavo]

yes, he has talked about this for some time and this seems to be why he recommends owning physical gold OUTSIDE of the USA.

[AntiBullS]

not necessarily confiscation , he did not say forcefully confiscation . Actually nowadays they do not have to do that .

what will happen is that after demonetization which is inevitable , establishing new commodity based currency standard gold as consequence will be low enough because fear factor will be gone .

[BlueSkies360]

thanks for this!