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Marc Faber continues:
“You and I don’t know what governments will do next. My assumption is that they will continue to print money. But exactly what the impact of money printing will be on asset markets is difficult to tell because maybe the money goes into stocks and maybe it goes into commodities or real estate...who knows? Or maybe it goes into everything, but at different times.
So I think the first premise is that we will have very high volatility in asset markets that will continue for a long time. Like we saw in the 70s or post 1930 or in the late 1930s we had very high volatility. So I think that will continue....
Continue reading the Marc Faber interview below...
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Faber had quite a bit to say about gold during the interview. One of his comments regarding gold was, “If there is a big correction in gold, I would buy more gold.”
When asked if gold would still be his asset of choice if he was only able to choose one asset for the next ten years, Faber remarked, “Yes, I think that people misunderstand gold in the sense that they think it’s expensive. But they never look at how much international reserves increased since 1996. By how much money supply has increased since 1996. By how much an Andy Warhol painting has increased and so forth and so on.
So I don’t think that gold is particularly expensive. I think it’s just the value of paper money that has completely imploded.”
The KWN interview will Marc Faber will be available shortly and you can listen to it by CLICKING HERE.
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
Eric King
Marc Faber - No Free Markets, Just Government Manipulation
With stock rallying globally, along with gold and silver, today King World News interviewed legendary investor Marc Faber, author of the Gloom Boom and Doom Report. Faber told KWN governments now control the global markets, “I really think that it’s very difficult to forecast perfect markets. A perfect market is when you have a market where no participant has a controlling influence on the market. We no longer have free markets, we have manipulated markets by governments through monetary and fiscal policies.”
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
November 28, 2011
