Kinesis Money, Released on 10/11/24

In this week’s Live from the Vault, Andrew Maguire sits down with Marc Faber, publisher of the Gloom, Boom & Doom Report, to discuss the state of the U.S. economy, the outlook for interest rates, and why gold remains an essential hedge. The two precious metals experts discuss the impact of rising interest rates on the future of small businesses in a centralized financial system, and warn about the risks posed by the U.S. fiscal deficits and uncontrolled government spending.

00:00 Start
02:35 Who is Marc Faber, publisher of the Gloom, Boom & Doom Report
04:40 Why skepticism of government statistics is justified
19:35 A century of monetary inflation and its societal impact
30:35 “The government is an institution to steal money from ordinary people”
36:00 The balance between safety and wealth across different countries
39:10 The growing threat of the expanding U.S. debt
43:00 Recommended read: A History of Interest Rates by Sidney Homer
44:50 Key hedges to explore in the risk markets
46:00 Hundreds of people being debunked for cash
48:00 Draconian Basel IV regulations and the attack on individual property
53:05 Hedging strategies beyond gold and silver

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.

Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.

  economy, gold, investing