Commodity Culture, Released on 12/11/24 (Recorded on 12/3/24)

Marc Faber thinks any country that would willingly join the European Union at this point must be completely insane, as the bloc desperately tries to cling to relevance amidst a collapsing economy, unchecked migration, growing social unrest, and far left radical politicians hell bent on an agenda that is pulling their citizens into poverty. Marc also discusses the investment opportunities he currently sees in emerging markets, Hong Kong real estate, platinum, gold mining stocks, and much more.

00:00 Introduction
00:53 Trump’s 100% Tariffs on BRICS
07:49 Is Trump Good for the Economy?
12:34 State of European Economy
17:43 Color Revolution in Georgia
21:09 Investing in Georgia
23:45 Opportunity in Emerging Markets
30:17 Platinum Squeeze
33:38 Gold Versus Gold Miners
35:30 Alcohol and Tobacco Stocks
38:36 America is in Dire Straights

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.