Commodity Culture, Released on 3/13/24

Marc Faber has been advocating ownership of gold for a long time now, and he continues to accumulate the precious metal as he believes gold’s best days are ahead of us. Marc discusses why he thinks gold miners, oil stocks, and Hong Kong real estate all present compelling opportunities at present, along with providing his thoughts on the global economy, emerging markets, and much more.

00:00 Introduction
01:21 Opportunity in Gold Miners
05:29 Oil Stocks
09:15 Hong Kong Real Estate
13:10 Emerging Markets
14:44 The Cantillon Effect
20:24 US and Europe in Silent Depression
24:24 Growing Global Conflict
26:54 Escalation in the Middle East
29:44 Importance of Geographic Diversification
34:01 Outlook on Japan
35:51 Now is the Time for Commodities

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.