Marc Faber has just released the market commentary for February 2013 entitled "A good Life is not a State to arrive at - but a Way of Traveling" on gloomboomdoom.com.
Marc Faber first explains that investors should learn to relax and ignore what markets do in the short term in order to outperform. He takes one of his reader question as example:
"Why I would rather not sell my gold
and subsequently buy it back at a lower price.?"
The reason he is not selling his gold is because he wants to diversify and keep approximately 25%
of his assets in gold (also 25% in equities, 25% in corporate bonds and
cash, and 25% in real estate). That way if the price of gold declines, it is likely that the
value of his financial assets would increase, so a decline in
the price of precious metals would actually be beneficial to the overall
value of his assets since he has around 50% of his portfolio in
bonds, cash and equities. But now that stocks and bonds have both rallied very strongly, he feels much more comfortable holding gold than financial assets.
There is no attachment with this month MMC.
If you want to access the full Monthly Market Commentary (MMC) by Marc Faber, it is available for 300 USD per year.