Marc Faber Blog: May 2013

Thursday, May 30, 2013

Everybody is a Momentum Player

"I'm not a believer in the manipulation theory. I'm not a believer in all the conspiracy theories. I'm a believer that the market went down because there was a technical break and also because stocks are so strong. So, when people look at their gold and they look at the stock market that goes up every day, they then decide ‘Gold is dead. Let’s buy stocks’ because, at heart nowadays, everybody is a momentum player. The fund managers who must outperform the index, the hedge fund guys, the high-velocity trading people, the algorithmic people – they’re all momentum players. What moves up, they chase. What moves down, they sell."

- Source, Business Insider:

http://www.businessinsider.com/marc-faber-wont-keep-gold-in-america-2013-5

Tuesday, May 28, 2013

Depreciation in the Value of Money

"I think that the purchasing power of money has diminished very significantly over the last ten, twenty, thirty years, and will continue to do so. So by being in cash and government bonds is not a protection against this depreciation in the value of money."

- Marc Faber

Monday, May 27, 2013

Long Term Horizon Vietnam

“I don’t think the market will run away right away but if you take a long-term horizon, five to 10 years, I think you will make some money in Vietnamese shares.’’

- Source, Financial Review:

http://www.afr.com/p/markets/not_all_doom_and_gloom_says_marc_2ecWXUKT4ormiHlSMsIVSN

Saturday, May 25, 2013

The US Can Artificially Depress Prices

"Well, safe country? I'm not so sure about that under the present government. But in 1933, gold was taken away from Americans. The government paid them $25 and after, they revalued the gold to $35. So, basically what the government can do once again, and that is a possibility. They could artificially depress, manipulate the price down and then say ‘Gold is illegal to be held. We have to collect all the gold from the citizens.’ Say if they manipulated the price down to $1,000. They could collect it at $1,000 and then revalue to $10,000."

- Source, Business Insider:

http://www.businessinsider.com/marc-faber-wont-keep-gold-in-america-2013-5

Thursday, May 23, 2013

The Majority of People Don't Own Precious Metals

"I Don't think all of Gold, Silver and Platinum will collapse, unless the whole system collapses."

- Source, CNBC:

http://www.cnbc.com/id/15839263

Tuesday, May 21, 2013

Why Hasn't the Price of Gold Held Up

Marc Faber appears on Bloomberg TV where he discusses misallocation of assets and the recent price action of gold and silver. Bubbles and Bubbles are being created.

- Source, Bloomberg TV:

http://www.bloomberg.com/tv/

Sunday, May 12, 2013

How Do You Hold Cash?

"If you have all your money in the bank, you could lose 40% to 60% of your deposit."

- Source, CNBC:

cnbc.com

Friday, May 10, 2013

The Path of Money Printing

"In general, I think that the purchasing power of money has diminished very significantly over the last ten, twenty, thirty years, and will continue to do so. So by being in cash and government bonds is not a protection against this depreciation in the value of money.

The central banks around the world gone the path of money printing and once you choose that path you're in it, and you have to print more money."

- Marc Faber, author of the Gloom Boom and Doom Report.