Marc Faber: Time to go 100% into gold?

Kinesis Money, Released on 6/9/23

In this week’s episode of Live from the Vault, Andrew Maguire and Marc Faber – Dr Doom of the infamous Gloom Boom & Doom Report, reunite to discuss the accelerating end of capitalism and who benefits from current monetary policy. The two experts comment on the WEF’s mixture of the financial elite and government officials, ongoing proxy conflicts, and examine whether citizens around the world have lost trust in their governments. The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.

3:38 Where Marc sees inflation going
6:20 Why interest rates were kept so low for so long
9:08 Some of the excuses used for high inflation
14:00 The US debt deal
16:28 How inflation is affecting the non-wealthy masses
18:18 Examining the FOMC, Federal Reserve and politicians
21:45 Examining the WEF
25:45 Looking through the NATO prism and thoughts on war with China
34:25 Sanctions don’t work…
38:30 When Europeans will WAKE UP – the coming hope
46:00 Have the WHO and WEF ruined their reputations?
49:30 Trade with sub-Saharan Africa
52:50 The percentage of assets Marc thinks should be in physical gold and silver
56:00 Money in the bank is no longer safe so diversify
58:30 Informing decisions through education – Marc’s primary offering

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.

Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments