Marc Faber Expressing the Disability of Gold and Silver to Control These Economic Crisis

Gold was always considered as solid and save instrument. Many Countries currency was based on Gold reserves. People loved to make investment in Gold. But now this Gold is in crisis. These Gold crisis are linked with economic, financial, debt and currency crisis. Anyhow, too much dependence on one instrument always brings down fall. In this video, Marc Faber is Expressing the Disability of Gold and Silver to Control These Economic Crisis

Marc Faber : Gold Is Oversold Near Term

Marc Faber : “most markets peaked in May 2011.” Marc Faber expects “further weakness in the second half of the year. Corporate profits will disappoint … stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.” Worse, he’s “very negative about the outlook longer term.” according to Paul B. Farrell of MarketWatch

Marc Faber Bullish on Gold Shares

Marc Faber : I am also warming to gold shares. Gold corrected to $1,522 last December from $1,921 in September. It rebounded to $1,795 in February and is back down around $1,600. The correction could last longer, but given that governments will print more money, gold is relatively effective as a currency. My preference is physical gold, but I would also own some gold shares, which have been decimated.

Marc Faber : Gold in Correction Phase not in a Bubble

Marc Faber : ...All I can say is that Gold have done much better than any government bonds ...a lot of people think that gold is a bubble and so forth but that is not my impression , I want to tell you I was last week in TaiWan and later I was in South Korea I gave two conference presentations and I asked the audience how many of you do own some gold ? and in TaiWan I think there was one participant that owned any gold and in Korea in a room with may be a thousand people not a single person owned gold you understand had I asked the question in year 2000 how many of you own the Yahoo type of stocks the whole room would have said yes we own it

Marc Faber : I do not see a huge downside risk in Gold

Marc Faber : I think that Gold have had a bit of a run-up here that is above the trend line and that a correction can occur but I do not see a huge downside risk in Gold because if you think it through and people are concerned about cash they are concerned about sovereign debt they are concerned about everything and the stock market has given a very powerful sell signal , I think as soon as gold price drops say a 100 - 150 dollars there will be a lot of physical buying ...




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Marc Faber : Gold is nowhere close to a bubble

Marc Faber : I was in a resource conference this is one of the resource conferences run by Standard Chartered Bank in Hong Kong all the miners are there and all the big shots in commodities and investors that are interested in commodities are there , ask the audience and you will think that these people have an exposure to Gold only about 5 people in an audience of like 400 had more than 5 percent of their assets in Gold , I find it amazing , I went already to 2 hedge fund conferences these are relatively intelligent people you would think but none of them had any exposure to Gold personally I said to them , you all intelligent people how come you do not have any gold at all don't you see what is happening with the money printing in the world , Gold was $252 in 1999 it is now $1580 (15 July 2011) they think it is expensive at this level what they do not consider is by how much credit has increased over the last ten years by how much the world population have increased over ten years by how much the supply of gold have increased , it is not increasing it is actually contracting , it the next five to ten years the total gold supply in the world will go up by precisely 3.8 percent no more , you know you mine something it is gone it is no longer there and so the supply that is no longer there is like Oil burned it is no longer there , every oil well runs dry over time " .." let's  say you buy Gold today , I do not know it may go down say a $100 , here it goes down a $200 but looking at all the factors we discussed I do not believe that we are in a bubble stage , because I have lived through the last bubble in the late 70s I can tell you that the whole world followed the Gold market day and night and traded Gold 24 hours a day like the whole world traded NASDAQ stocks 24 hours a day in 1999 and 2000 that has not happened yet we do not have a heavy weighting we do not have a heavy kind of euphoria about Gold at all , the risk today is not to own Gold but to not to own any Gold , if you have no gold at all I think you are taking a risk , and my advise is simple every month you put some money aside and you buy a little bit of Gold you do not worry about the price fluctuation buy every month a little bit and your grand children will be very happy about that unless the US government takes it away that is a possibility with Mr Bernanke just look at him he particularly not a honest looking character ..."
- in The Financial Sense NewsHour Interview



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Marc Faber the Gold is not in a Bubble

Dr. Marc Faber speaking recently with CNBV TV18 from India says that Gold  is far from being in any form of bubble , cause In gold and silver terms, Faber said , the Dow Jones over the last 10 years has already lost more than 80% of its value. "If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hrs a day. But I don’t think it’s really a bubble. I think may be gold is cheap."

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Marc Faber on Gold : Physical assets vs Miners

Marc Faber, editor & publisher of "The Gloom, Boom & Doom Report" talks about his preferred ways to invest in gold  " well basically I do not think that people should punt on Gold but they should be their own central bank and gradually accumulate gold reserves as a currency and they should basically hold it physically but not in the US outside the US " " I think there is the risk that the US will once again as they did in 1933 collect the gold expropriate the gold they will not take away and not pay anything they'll pay probably the market price and after they will revalue it it by say five times "

Marc Faber : In Gold and Silver Terms the Dow Jones over the last ten years has already lost over more than 80% of its value

Marc Faber " ...In Gold and Silver Terms the Dow Jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "

Marc Faber: Accumulate gold and keep it as cash

Sept. 24 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the Chinese yuan. Faber, speaking from Chiang Mai, Thailand, with Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses gold prices and expectations for the Standard & Poor's 500 Index. Marc Faber. Simply the best.



I use gold like cash and silver as retirement money because it's SOOO undervalued since I don't plan to retire for a long time I have time for it to go up. In the mean time I love JP Morgan chase even more for keeping the price down.China may very well be a paper tiger because it has a potential mortgage crisis on its hands.  I also believe that China has a better economy than ours since it is now based on manufacturing instead of service like the U.S.
gold does not go up in value! It has and even more Silver intrinsic value. Prices of gold rise in Paper money but that is an illusion. Paper money is going down in value big time. Thats whats happening. The purchasing power of the middle class is getting destroyed worldwide, while the rich and their Partners in crime the Banksters get richer and richer. Such a system cannot be sustained! It has to end.

Marc Faber : I will never sell any gold !

Marc Faber - one of the few international economists who really knows what is going on in the world of today and maybe even of tomorrow! His advise: accumulate gold and hold on to it !

Marc Faber : Gold bull market intact

LONDON (Commodity Online): Marc Faber, publisher of the famed Gloom Boom Doom Report says despite the boom in gold prices, there is a likelihood that the yellow metal may fall to $1200 levels. But Faber insists that the gold bull market is solid and continues to be intact.

Faber, whose monthly outlook on commodities, equity markets, currencies, bonds and the emerging markets, is always respected by traders and the global business community says gold and silver are the hottest among commodities and people will continue to invest in them.

Faber says he continues to buy gold ounces, but points out that a correction to $1200 would not surprise him.
read full article >>>

Dr Marc Faber wаѕ born іח Zurich, Switzerland. Hе wеחt tο school іח Geneva аחԁ Zurich аחԁ fіחіѕһеԁ high school wіtһ tһе Matura. Hе studied Economics аt tһе University οf Zurich аחԁ, аt tһе age οf 24, obtained a PhD іח Economics magna cum laude. Between 1970 аחԁ 1978, Dr Faber worked fοr White Weld & Company Limited іח Nеw York, Zurich аחԁ Hong Kong. Sіחсе 1973, һе һаѕ lived іח Hong Kong. Frοm 1978 tο February 1990, һе wаѕ tһе Managing Director οf Drexel Burnham Lambert (HK) Ltd. Iח June 1990, һе set up һіѕ οwח business, MARC FABER LIMITED wһісһ acts аѕ аח investment advisor аחԁ fund manager. Dr Faber publishes a widely read monthly investment newsletter “Tһе Gloom Boom & Doom Report” report wһісһ highlights unusual investment opportunities, аחԁ іѕ tһе author οf several books including ” TOMORROW’S GOLD — Asia’s Age οf Discovery” wһісһ wаѕ first published іח 2002 аחԁ highlights future investment opportunities around tһе world. ” TOMORROW’S GOLD ” wаѕ fοr several weeks οח Amazon’s best seller list аחԁ іѕ being translated іחtο Japanese, Chinese, Korean, Thai аחԁ German. Dr. Faber іѕ аƖѕο a regular contributor tο several leading financial publications around tһе world. A book οח Dr Faber, “RIDING THE MILLENNIAL STORM”, bу Nury Vittachi, wаѕ published іח 1998. A regular speaker аt various investment seminars,

Marc Faber : I will never sell any gold !

Marc Faber - one of the few international economists who really knows what is going on in the world of today and maybe even of tomorrow! His advise: accumulate gold and hold on to it !

Marc Faber Interview on Gold Silver

Mike Maloney of GoldSilver interviews economist Marc Faber. They discuss the US and global economy, the dollar and gold. This interview was recorded sometime prior to February of 2008.

As an asset bubble, gold may burst after reaching $2,000

Kunal Bose
Business Standard.com
August 18, 2010

Investment guru Marc Faber is a zealot when it comes to promoting the cause of gold. The publisher of the celebrated newsletter Gloom, Boom and Doom is at the same time rubbishing the dollar and currencies of countries which go on printing notes in attempts to stimulate their economies. The contrarian investor often referred to as Doctor Doom has got another equally controversial investor Jim Rogers to keep company in celebration of gold at the expense of currencies.

So is not Faber happy that his favorite precious metal gold has once again moved beyond the $1,200 an ounce resistance level after moving sideways for a while? What should be a cause of particular delight for Faber and Rogers is that their unbounded enthusiasm to make the public, going beyond the high networth individuals to see the virtues of regularly adding gold to the investment portfolios when the developed economies look wobbly is seeing its denouement.

We in India continue to buy gold mostly in the form of jewelery. Therefore, the Indian consumer demand for gold surging hugely in the first quarter of this year to 193.5 tonnes could not have drawn inspiration from exhortations of Faber and Rogers. The craving for gold jewelery here is so strong that the Indian womenfolk just needed some time to get reconciled to high prices of the precious metal before resuming buying and with some abandon. The World Gold Council says gold jewelery demand in non-Western countries will continue to recover from the first quarter level of 470 tonnes.
Read full article