Monday, June 30, 2014

Marc Faber's first job has shown him value of money has dropped a lot

In 1970, I started with a salary of $1295 a month, plus I had a living allowance of $300. But with that you could live quite well, not with luxury. I had a nice one bedroom apartment on 52nd Street and we could go skiing on the weekends and on summers we went to the Hampton's for fun. I'm just saying the value of money has depreciated dramatically over time.

Wednesday, June 25, 2014

Marc Faber says Vietnamese people are hard working

Vietnam has an appealing investment environment. Vietnam’s economy has been influenced by a tensions with China in a East Sea. But we trust Vietnamese and Chinese diplomats will find a approach to palliate a tensions. we will continue investing in Vietnam. Vietnamese work hard and they have ambitions.

Monday, June 23, 2014

Marc Faber: Bitcoin has merits

I think bitcoin or something similar has a lot of merits…I’m not sure in the future if it will be possible to carry gold from Point A to Point B, or even to transfer money from Point A to Point B. Bitcoin will have value as long as there are exchanges and as long as people will accept it.

Tuesday, June 17, 2014

Market correction still awaits

Since October 2011, we have not had a significant correction in the market. The largest corrections were corrections of less than 11%. 

Now if the data deteriorates and if the stock market would decline by 20% over a given period of time, I think they would actually increase the asset purchases and actually give up the tapering.

Monday, June 16, 2014

Own gold for a financial crisis protection

If I look at all asset classes - real estate, equities, bonds, commodities, ... gold is relatively inexpensive at present because we had that meaningful correction.

Don't forget we went to $1,921 in September 2011 and since then we have been in a declining trend basically until recently.

When I started to work on Wall Street the global bond market was $790; and before the crisis in 2007 the global bond market had already increased to $70 trillion and now the global bond market is at the $100 trillion something ... something will break, one day will have another crisis; and under these conditions I would own some gold.

Wednesday, June 11, 2014

Sunday, June 1, 2014

Marc Faber Market Commentary June 2014 Gloom Boom Doom

I continue to believe that the future returns from asset markets will likely disappoint most investors. It should be clear that the higher bonds and stocks move up the lower the future returns will be. 

As mentioned, I hold Ten-year Treasuries, but with a yield of less than 2.5%, the best I am hoping for is to lose less money than in US stocks. 

I believe that emerging markets are reasonably priced – certainly compared to US equities – but they have not reached completely distressed levels where I would make a major commitment.