Marc Faber : I do not believe that the central banks around the world will ever reduce their balance sheets

Marc Faber : "First of all, I do not believe that the central banks around the world will ever, and I repeat ever, reduce their balance sheets. They’ve gone the path of money printing and once you choose that path you’re in it, and you have to print more money. If you start to print, it has the biggest impact. Then you print more - it has a lesser impact unless you increase the rate of money printing very significantly. And, the third money printing has even less impact. And the problem is like the Fed: they printed money because they wanted to lift the housing market, but the housing market is the only asset that didn’t go up substantially. In general, I think that the purchasing power of money has diminished very significantly over the last ten, twenty, thirty years, and will continue to do so. So by being in cash and government bonds is not a protection against this depreciation in the value of money." - in a recent interview with Chris Martenson
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

N. Korean tensions are a test

One should not believe the North Koreans are acting on their own. Its all a test to see the resolution by the US, Japanese and the foreign powers. The Chinese are watching as they will do the same in a few years. North Korea can hardly produce bicycles. They cannot produce nuclear weapons on their own. They are getting outside help.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Large bank depositors are at risk

The mentality before the 2007 crisis and after that the tax payers bailed out the system but now the asset holders have to contribute to the bailout. As we have seen in the case of Cyprus the large depositors are penalized more than small depositors.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber to advise Canadian firm Sprott

Toronto-based investment firm Sprott Asset Management has launched its first multimanager fund for institutional investors, drawing on advice from the renowned investor Marc Faber. The portfolio managers will choose securities based on recommendations from a macro committee led by Sprott, Marc Faber, the publisher of the Gloom, Boom & Doom report, and Rick Rule, chairman of Sprott U.S. Holdings. They will also seek recommendations from a five-person group in charge of asset allocation, Wilson said. Currently the firm is substantially more cautious on equity markets than six months ago.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

We could see a major low in Gold soon

I'm very happy gold we have finally a sell off that will lead to a major low. It could be 1400, 1300 or today. But I think the bull market in gold is not complete. I think the fundamentals of Gold are intact. If we look at the records, Gold is now down 21% from the September 2011 highs. Apple is down 31% from last years highs. The S&P is up not even 1% from the peak in 2007. Over the same period of time, including the current correction Gold is up over 100%.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.