Wall Street Silver, Released on 3/6/23
Marc Faber returns to the show, and we discuss some of the pressing global issues and their potential impact on the economy and society. We explore the possibility of a global depression and bankruptcy in Europe and whether the ECB can continue to raise rates. Additionally, we examine the role of China in the Ukraine conflict and whether it could lead to World War III. We also take a look at the potential drawbacks of AI and CBDC while highlighting how technology has improved our lives. Moving on, we discuss the underperformance of gold and gold shares in the market and why some billionaires advise against investing in gold. Finally, we delve into the possibility of a global blackout as the next pandemic, which could result in the collapse of society.
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.