Marc Faber on the resurgence of socialism, Hong Kong's future, gold, and the clash between China and U.S.
Topics:
The future of Hong Kong after the introduction of national security legislation. 7:35What if the US strips Hong Kong out of its special customs status? 11:30The case for investing in mainland Chinese and Hong Kong stocks. 13:00Why Kyle Bass' bet against the Hong Kong dollar is wrong-headed. 16:45Should locals get their assets out of Hong Kong? 22:00The deepening political and economic clash between China and the US. 27:00China's growing economic clout in Southeast Asia. 33:00Gold, portfolio diversity and how to invest for the future. 40:15*This interview was recorded on 6/1/20
Chris Oliver, a journalist in Hong Kong, spoke with economist Dr. Marc Faber, aka "Dr. Doom", the editor and publisher of "The Gloom, Boom & Doom Report" about his views on the outlook for the Hong Kong economy, global markets, and personal investing following the announcement that China's central government has passed national security legislation for the Special Administrative Region which is due to come into effect in coming months.
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