Marc Faber: Central Banks Are Scooping Up Gold At The Fastest Pace Since 1967

Wall Street Silver, Released on 1/7/23

The US dollar has long been the dominant global currency, but is it now facing a big threat? Marc Faber joins us today to discuss the factors that could impact the value of the US dollar and explore the potential challenges it may face as the world’s reserve currency. We’ll also consider the actions the Federal Reserve could take in the coming year to shore up the dollar’s position and provide our analysis of the current market conditions.

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.

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