Marc Faber says investors must brace for stagflationary conditions

Goldseek Radio, Released on 9/8/23 (Recorded on 9/5/23)

Dr. Marc Faber, editor of the Gloom, Boom, Doom Report, says investors must brace for stagflationary conditions, echoing the 1970’s, when precious metals remained the investment du jour.

– Dr. Faber prefers to observe the market instead of watching central banker’s comments.
– Any subsequent rate hikes will likely be merely a pause to higher rates, as the domestic economy behaves similarly to the stagflationary
– Our guest holds gold, precious metals, real-estate and bonds.
– Amid OPEC supply constrains; is crude oil still a relative value?
– BRICS breaks the “3rd-world” notion, standing tall with Western World level economies.
– With their new members, BRICS could control close to 80% of global oil output.
– Big Brother’s Covid policies destroyed small businesses at an alarming rate.
– The precedent set by the CV policies have forever changed the risk-dynamics of financial and economic models and markets.
– Small denominations of gold and silver, via grams, not ounces are ideal for transactions during challenging times.
– Only 8 stocks comprise 30% of S&P value – shares may have limited capital growth potential.
– Gold, oil and resource stocks are relative values, when compared to the overvalued S&P.
– Is the globe on the cusp of a major famine? This is a theme that has appeared in several recent interviews.
– Is domestic Fiscal Policy directly responsible for galloping inflation?

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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