Marc Faber: Pandemic predictions for gold, silver, stocks, real estate, bonds & bitcoin
Marc speaks with The Capital Network's Lelde Smits to discuss his outlook for investments including gold, silver, stocks, real estate, bonds, bitcoin.
Over the years Marc had told investors to hold diversified portfolios with equal 25% shares in stocks, real estate, cash and bonds and precious metals and Marc answers how his views have changed since the Federal Reserve shied away of its long-time commitment to inflation targeting in August 2020 and amid the COVID-19 global pandemic.
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