Ross Clark & Marc Faber: Oil, Gold and Stocks in 2019

Marc Faber: I Am My Own Central Banker

Everyone always says, I want to buy low and I want to sell high. So I think for me, of course I own a lot of gold, and I need to buy more to keep asset allocation between 25% in Real Estate, 25% in equities, 25% cash and bonds, and 25% gold. 

I need to buy more. So for me this is a very happy event. I don’t like to buy gold at $1,900 like in 2011. I like to buy it here or lower.

Gold Broker: Do you think it will break under $1,000 like some people say?

Marc Faber: Look. The forecasting record of people is horrible, in particular, the forecasting record of the Federal Reserve. So, I don’t know, maybe it will go below $1,000 but my sense is that it will not stay below $1,000. 

I would use the current weakness as a buying opportunity. I’m telling everybody, you as an investor, and me as an investor, we cannot trust the government.

I am my own central banker. I keep my own physical gold. I do not trust anyone of these (unprintable word).

- Source, Money Talks

Marc Faber: Stocks, Gold, Crypto, Petroyuan, New Silk Road and World War

Renown Swiss investor and publisher of "The Gloom, Boom and Doom Report" Dr. Marc Faber discusses the global markets, housing and bond bubbles, central bank manipulation, gold, Trump, the petroyuan, the New Silk Road and what a potential conflict between the U.S. and China might look like as old empires die and new ones are born.


- Source, Geopolitics & Empire