Monday, April 18, 2011

Marc Faber: US Dollar will go to zero

Interview with Marc Faber on CNBC Asia on the 18th of April 2011.

In the first segment, he talks about the US budget deficit and the need to raise taxes and reduce spending, but he does not see democrats and republicans achieve anything

In the second segment, he talks about the dollar direction (i.e. possible strength in the short term and going to zero in the long term) and his outlook on precious metals which he sees not as speculative investments and simply as the best currencies.

In the final part, he answers viewers question and explain that compared to other equity markets, japan is probably the most attractive right now and should be accumulated, some more advise on investing in Gold (accumulate physical gold), crude oil which he sees going up whether the economy tanks or further recovers and than in the short term he expects a correction in asset markets.

No comments:

Post a Comment