Marc Faber: Gold Is A Must-Have Investment

Back in mid-January, I blogged about a piece on the Chicago-based Commodity HQ website that claimed “Doctor Doom” Marc Faber buys gold every single month. Yeah, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report is that sold on the precious metal. And this past Tuesday, the Swiss-born investment advisor and fund manager told attendees at the Mining Indaba forum in Cape Town, South Africa, that holding some investments in gold and other precious metals was extremely important. Paul Garvey reported on The Australian website Wednesday:

Dr Faber repeated his long-held belief that money-printing by governments around the world made gold a must-have investment.

“I would have 25 per cent [of my investment portfolio] in equities, 25 per cent in bonds, 25 per cent real estate, 25 per cent gold, and 25 per cent cash,” he said.

“I know it doesn’t add up, but I have now the accounting standards of US Treasury.”

When I read this part of the article, I actually tabulated those percentages, saw that they added up to 125 percent, shook my head, added up the numbers again, shrugged, then continued on.

Then I saw the next line.

What a knucklehead I am.

And who could have thought someone the financial media has nicknamed “Doctor Doom” could be so funny?

Garvey continued:

Jokes aside, he said holding some investments in gold and other precious metals was vital.

“I would strongly advise you, for your children and so forth, don’t keep your money in cash. I’m not saying rush out the door and buy gold, I’m just saying that over time it’s likely that, as has happened throughout history, paper money has always lost value.”

(Editor’s note: Italics added for emphasis)

Lost value? How about all fiat currencies throughout history have eventually ended up being worthless.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Source:

Garvey, Paul. “Don’t bank on China demand, says contrarian Marc Faber.” The Australian. 6 Feb. 2013. (http://www.theaustralian.com.au/business/mining-energy/dont-bank-on-china-demand-says-contrarian-marc-faber/story-e6frg9df-1226571547996). 8 Feb. 2013.

Tags: , , ,

No comments yet.

Leave a comment

Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

This Project Dedicated to St. Jude
Patron Saint of Desperate Situations



Please Rate this Blog HERE

happyToSurvive

Advertising Disclosure here. "Code Needed"=Promo Code Found On Advertiser Website. Ad Captions Last Updated 6/2/16.
ANY CHARACTER HERE
Blade HQ Knives Blade HQ Review Coming Soon
ANY CHARACTER HERE
Buy Gold And Silver Coins Gold/Silver Sale, inc. Chinese Gold Pandas, 90% Silver Franklin Half Dollars (Singles/Rolls/Bags), 1 Oz. Silver Mexico Libertads (Singles/Rolls), Silver Bullion Bars (1 Oz., 100 Oz., Monster Boxes). BGASC Reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service & Part-Owned By World Gold Council. BullionVault.com Reviewed HERE.
ANY CHARACTER HERE
Buy 3-Month Emergency Food Supply, Get FREE Ultimate Breakfast Kit ($99 Value) Thru 6/10. MyPatriotSupply.com Reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% Memorial Day Sale Continues! Save 40% Off Orders Over $40 (Code Needed). Paladin Press Reviewed HERE.
ANY CHARACTER HERE
World's First Bulletproof Baseball Cap Only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) Only $169; Bulletproof Backpack/Messenger Bag Panel Only $99. BulletSafe Reviewed HERE.
 

Categories

Archives

Prepper Website

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Related Reading: Martin Armstrong Post On Problems With Bank Safe Deposit Boxes
    Earlier this month I brought up a blog post by Martin Armstrong, economist at Armstrong Economics and the subject of the 2014 documentary The Forecaster, in which he warned: Governments are targeting safe-deposit boxes to look for cash that is hiding from taxation… Anything of value that is stored in a safe-deposit box is now […]
  • Related Reading: Coin Update Interview Of Sharps Pixley CEO Ross Norman
    Last week I mentioned a WealthBriefing.com article that featured the new Sharps Pixley showroom/safe deposit box service in London, England. The other day I came across another piece about the operation on the Coin Update website (“Daily Coin Collecting News”). Michael Alexander recently interviewed Sharps Pixley CEO Ross Norman “to learn about the business’s new […]
  • Latest Offshore Safe Deposit Box Promotions
    Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promo is displayed): Africa Nigeria Bulwark Vault & Safes Deposits Ltd. (Lagos)- “Join the Bulwark Membership Club. 25% Off Rent & Renewal- Premium Platinum. 15% Off Rent & Renewal- Platinum. […]
  • Related Reading: In-Depth Look At Dublin’s Merrion Vaults
    It’s been a while since I last blogged about the Dublin, Ireland-based private vault Merrion Vaults (although I have talked about co-founder/director Séamus Fahy more recently as it related to their sister safe deposit box facility, Glasgow Vaults). Anyway, I recently spotted an article on Irish website Fora (“Business news and insights for Ireland’s startup […]
  • Latest Additions To List Of Offshore Private Vaults
    Here are new entries to that list of offshore private vaults on my website of the same name: • City Bunker (San Pedro Garza García, Mexico- translated) • Hausler (Córdoba, Argentina- translated) • Punta Carretas Cofres Fort (Montevideo, Uruguay- translated) • Service & Meetingpoint Saxenwald (SMS) (Reinbek in Hamburg metro area, Germany) • Telesforo Gestión […]