ET NOW, Released on 3/8/22

Speaking to ET Now, Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report” says a stock selloff was expected on lower-than-expected US recovery. He is seeing a disconnect between the fed & the real economy. He believes investors use conflict to sell overvalued stocks. He feels only commodities, Agri, oil, and precious metals have benefitted. He advises owning gold, silver, platinum as a hedge against turbulence. He’s seen disastrous monetary policies that boosted inflation. He would buy Indian stocks vs the US once the conflict resolves. He expects the value to outperform growth.

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.

  commodities, gold, investing, silver, stocks, war