Dr. Marc Faber: My Greatest Concern−The US Could Confiscate Gold, Again (originally aired 09/06/12)
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
|09/27/2016||Lifetime Income Series: David Sayen on the Importance of Planning for Medicare||bcast|
|09/26/2016||Lifetime Income Series: Everything You Need to Know About Medicare||bcast|
|09/24/2016||Jim Puplava’s Big Picture: A Strong Defense Wins Championships||bcast|
|09/24/2016||Dave Nicoski: Bond Bubble Poses Greatest Risk to Structural Bull Market||bcast|
|09/20/2016||Lowell Smith: Maximizing Pensions for Employees and the Self-Employed||bcast|
|09/19/2016||Lifetime Income Series: Lower Taxes, Save Money and Invest More||bcast|
|09/17/2016||Jim Puplava’s Big Picture: The Mandibles - A Book Interview||bcast|
|09/17/2016||Dan Wantrobski: Market in a Corrective Phase||bcast|
|09/13/2016||Lifetime Income Series: Karen Covy on “When Happily Ever After Ends”||bcast|
|09/12/2016||Lifetime Income Series: 50 Shades of Grey Divorce||bcast|