Dr. Marc Faber: My Greatest Concern−The US Could Confiscate Gold, Again (originally aired 09/06/12)
“Best of 2012” Re-Broadcast
This Financial Sense Newshour program is available only as a premium, paid "FS Insider" release.
For advance notice of release of premium, paid "FS Insider" content or to purchase a monthly or annual subscription to "FS Insider" content, go to www.financialsense.com/subscribe.
Jim is pleased to welcome back Dr. Marc Faber, publisher of the "Gloom, Boom & Doom Report." Marc notes that without current US government deficits, the economy would be in recession. He also expects the Fed to initiate QE3, but believes its main impact will be on investment markets, not the economy. Marc is still bearish on bonds, but admits to have been too early with his bearish call. If he had to choose one investment for the next ten years, it would be gold, with stocks next in line. Marc also makes the case that we are no longer living in a free-market environment, and one has to re-think what is considered a "safe" investment. His greatest concern is the US might confiscate gold again, as FDR did in 1933.
Faber was born in Zurich and schooled in Geneva, Switzerland. He studied Economics at the University of Zurich and obtained a Ph.D. in Economics magna cum laude. Faber resides in Thailand and is best known for the Gloom Boom Doom report. Faber has gained a reputation as a contrarian investor and is a frequent speaker on various TV programs and forums in recent years.
About James J Puplava CFP
|01/26/2015||Lifetime Income Series: New Rules, New Limits, Tax Savings||bcast|
|01/24/2015||Jim Puplava’s Big Picture: State of the Union||bcast|
|01/24/2015||Technician John Kosar: A New Leg Up Coming in Stocks – Should Take Out Old Highs||bcast|
|01/21/2015||Jeffrey Saut: The Federal Reserve Is the Wild Card for 2015||bcast|
|01/19/2015||Lifetime Income Series: Here’s Your Pie Chart||bcast|
|01/17/2015||Jim Puplava’s Big Picture: Double, Double, Toil & Trouble – Then a Bubble||bcast|
|01/17/2015||Technician Robin Griffiths: U.S. Still the Safe Haven for Global Investment – Dollar Rally to Continue||bcast|
|01/16/2015||Jeff Rubin: Massive Cap Ex Cuts Coming to the Energy Sector||bcast|
|01/15/2015||Rick Santelli on Volatility: You Ain’t Seen Nothing Yet||bcast|
|01/12/2015||Lifetime Income Series: Getting Into Financial Shape||bcast|