GoldSeek Radio: Dr. Marc Faber, John Scurci and Robert Ian

July 12th, 2019

(S14-E704)

Featured Guests

Dr. Marc Faber

& John Scurci

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Interview Recap

From his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook.According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches.A global / domestic economic maelstrom of epic proportions where paper assets denominated in the reserve currency lose up to 80% is possible.Few asset classes will endure the economic storm ahead, however, safe havens include gold, silver, PMs shares and cryptocurrencies.Despite the remarkable increases in modern productivity given quantum leaps in access to technology and information, living standards are sagging.Incomes have not matched increases in the cost of living.The duo concur that the erosion of the standard of living is directly correlated to profligate money expansion, which acts as a reverse "Invisible Hand."Both the guest/host advocate diversification of asset classes, increasing the weighting of safe haven, hard money assets in the coming years to shield wealth from potential economic volatility.John Scurci, founder of Corona Capital Management returns to the show with key insights on the domestic and global economies.Our guest is rebuilding his home on the British Isles in the Caribbean, following Hurricane Irma, the strongest storm ever recorded.Irma topped wind speeds of 220 mph; another friend of the show, Harry S. Dent Jr. battled the same storm from his Puerto Rico office.The integrity of the entire global financial system is at risk, due to hundreds of trillions of toxic debt on balance sheets.By debasing the currency to deal with serious financial challenges in 1971, the decision set in motion a corrosive effect.The risk of negative real interest rates domestically could be viewed as the endgame for the entire system.The duo concur that the precious metals sector represent the best panacea for financial sur-thrival in an increasingly volatile financial arena.

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Guest Bios

John Scurci

Corona Capital Management

A graduate of both Yale and the University of Chicago, John worked for Morgan Stanley and Lazard Freres in New York City before leaving Wall Street to pursue Value Investing with his own company. John is the co-founder of Corona Capital hedge fund.

A native of Toronto, Canada, John enjoys reading, swimming, sailing, and traveling. He is happy to be able to live in the Caribbean.

Website: Corona Capital Management

Dr. Marc Faber

GloomBoomDoom.com

Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 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" report which highlights unusual investment opportunities, and is the author of several books including " TOMORROW'S GOLD - Asia's Age of Discovery" which was first published in 2002 and highlights future investment opportunities around the world. " TOMORROW'S GOLD " was for several weeks on Amazon's best seller list and is being translated into Japanese, Chinese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. A book on Dr Faber, "RIDING THE MILLENNIAL STORM", by Nury Vittachi, was published in 1998. A regular speaker at various investment seminars, Dr Faber is well known for his "contrarian" investment approach.

He is also associated with a variety of funds and is a member of the Board of Directors of numerous companies.

Website: please click here.

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