Marc Faber Blog

Marc Faber still hyper bullish on Gold

peterschiff — Fri, 08 Jan 2010 17:20:00 +0000

According to Bullionvault Marc Faber is still advising investors to buy gold even at the present prices Marc Faber believes that Gold is the most interesting currency people should invest in “Gold remains the best bet as a currency these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of $1110 per ounce is less expensive than when it was sold for less than $300 per ounce years back…”
He was reported as saying in his first 2010 interview
“A company’s stock could be less expensive at $100 than when it was selling for $10, because earnings growth has outpaced the appreciation of the shares and therefore its price/earnings ratio has declined. So gold could be cheaper at the current price than when it was at less than $300 because of the explosion of foreign exchange reserves in the world, zero interest rates, the huge debt overhang, and the expectation of further money printing.” He added

Posted in Gold

Marc Faber Moderately positive about Equities

peterschiff — Thu, 07 Jan 2010 20:50:00 +0000

The worst investment in the long run would be US treasuries and cash

Marc Faber Discusses U.S. Dollar, Stocks, Inflation

2009 was a good year to make money , in 2010 you would be lucky not to lose any money , says Marc Faber …

Faber states that while 2009 a year of great capital opportunities , 2010 will be a year of wealth preservation. If asset markets were to weaken again, more fiscal and monetary stimulus would be implemented.

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is “Follow the course opposite to custom and you will almost be right”

Posted in Marc Faber Bloomberg

Watch scanner stocks says Marc Faber

peterschiff — Tue, 05 Jan 2010 14:42:00 +0000

Marc Faber advises to watch the body scanners companies for this 2010 , after Schipol in the Netherlands many airports around the world have manifested their interest in installing body scanners …here is what Marc Faber had to say :
“watch scanner stocks. The cowards that tried to blow a hole in a plane got the ball rolling on body scanner-related companies. OSI Systems (OSIS) and L-3 (LLL) are climbing after reports surfaced that the Netherlands will begin using body scanners on all flights from Holland to the U.S. in the next three weeks. The Dutch are asking the EU to force all EU airports to have scanners. U.S. officials are calling for increased use of scanners to detect bomb-making components on people’s bodies, according to reports. And the U.S. Transportation Security Administration intends to buy 300 more scanners next year.
That’s where some of the action can be found in 2010. Stay tuned for more.”
via www.wealthdaily.com

Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is “Follow the course opposite to custom and you will almost be right”

Posted in Marc Faber Investments