Marc Faber comments on the macroeconomy and the recent record gold price

Goldseek Radio, Released on 8/9/24

– Is the global economy on the cusp of conditions rivaling the Stagflationary 1970’s?
– Will interest rates enter a protracted theme of higher yields and inflation?
– Is gold still a relative value and will gold to continue to outperform most assets.
– Dr. Faber owns mining shares.
– Physical gold remains his favorite investment class.
– Dr. Faber advocates safe haven investments to sidestep potential financial turmoil.

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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