Goldseek Radio, Released on 1/7/23
- Dr. Marc Faber, editor of the Gloom, Boom, Doom Report, notes a decade of policies holding rates artificially low has backfired, sending the cost of living soaring annually by 8% – eroding purchasing power.
- Certain US equities could rebound in 2023, returning to the mean following the sluggish 2022, but share are not yet, “inexpensive.”
- Precious metals remain the safe-haven of choice – Dr. Faber is a 40 year holder of Gold.
- Gold and silver will maintain their purchasing power.
- Given the propensity for monetary profligacy, the precious metals remain the ideal panacea – yet speculation is not advisable.
- Precious metals equities are solid investments; bullion offers the greatest relative safety.
- Interest rates will continue to move higher.
- $1 Quadrillion in notional value of financial weapons of mass destruction threaten the economic hegemony.
- In 2008 the derivatives implosion was diverted – the risk is now immensely higher, resulting with continued monetary expansion – a plus for the PMs sector.
- Supply chain disruptions will persist, as producers hold back supply in anticipation of higher retail prices.
- Price-controls will back-fire, resulting with increased supply issues and related disruptions.
- Viewers are encouraged to bookmark Dr. Faber’s must-read report: Gloom Boom Doom by Marc Faber
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.