ITM Trading, Released on 10/18/24

“We are somewhere between 1927 and 1929,” says Marc Faber, publisher of the Gloom Boom & Doom Report. He cautions against investing in stocks at their current high valuations, stating, “If you print money in a marketplace, stocks go up… but we are likely in a bubble.” Faber also criticized the idea of tariffs, arguing they would raise consumer prices and stir up inflation in the U.S. He described tariffs as “a truly disastrous idea” that would further weaken American competitiveness.

00:00 Latest insights on gold
5:53 U.S.debt
10:22 U.S. money printing
12:33 U.S. equity market
14:58 U.S.defaults on its debt
16:01 Flat tax
17:19 Trump tariffs
20:54 China exports inflation
23:05 Central banks buying gold
26:20 The future of US dollar

Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In 1990, he set up his own business, Marc Faber Limited which acts as an investment advisor and fund manager. Dr. Faber publishes a widely read monthly investment newsletter, “The Gloom Boom & Doom Report,” which highlights unusual investment opportunities, and is the author of several books including Tomorrow’s Gold: Asia’s age of discovery which was a best seller on Amazon. Dr. Faber is known for his “contrarian” investment approach and charismatic personality. He became infamous after calling the 1987 crash in US equities.

  economy, gold, inflation, investing, us dollar