Marc Faber Blog

Thursday, February 26, 2015

Euro will get stronger if Greece leaves

I believe [if Greece is out of EU] it will strengthen not weaken because the Euro needs strong countries not weak countries. We have to take a write off at this stage if Greece leaves

Monday, February 16, 2015

Marc Faber wants to stay invested in Gold partially

I buy every month physical gold and I own gold as part of my physical allocation. I don't speculate in gold, these are my iron reserves. 

I'm not concerned about the price of gold.. maybe goes down, maybe goes up. If you buy Tesla, maybe it also goes down, maybe it goes up or if you buy Apple maybe one day its worthless, and maybe one day its worth much more.... who knows. The point is simply I want to have some of my assets in Gold.

Wednesday, February 11, 2015

Marc Faber quotes Will Durant on Rome Collapse

I am not agnostic to the view that society has changed because millennials prefer not to have any responsibilities and therefore opt not to get married (a view for which I have great sympathy, I should add). 

Young people are more inclined than their elders to view cohabitation without marriage in a positive light. (My grandparents on both sides would have considered cohabitation without marriage a terrible sin.)

As Will Durant said, “A great civilization is not conquered from without, until it has destroyed itself from within. The essential causes of Rome’s decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars.”

Monday, February 9, 2015

Marc Faber predicts sactions to Russia will ease

The Europeans will break from the U.S. and ease sanctions against Russia. A deal will be done in the next six months. Americans don’t realize that Europe has a lot of trading relationships with Russia. A lot of capital flows between them. An embargo on Russia won’t work.