Once more taking a bearish tone, Marc Faber sees the West having "very muted growth" over the...


Once more taking a bearish tone, Marc Faber sees the West having "very muted growth" over the next 10 years thanks to a combination of deficits, entitlement obligations, and debt overhang. Faber recommends investors keep 20-30% of their assets in gold "in a safe deposit box ideally outside the U.S." (previously)

Comments (4)
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
     
    No human being can see out ten years. This is simply Faber's opinion and nothing else. It really has not greater validity than the Minister who has proclaimed that October 21, 2011 will be the end of the World.
    23 Aug 2011, 10:11 AM Reply Like
  • DubyaT
    , contributor
    Comments (42) | Send Message
     
    I'm keeping $500 in twenties stuffed up my butt anyway.
    23 Aug 2011, 10:14 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
     
    I hope he's wrong, but Faber seems to be talking about another "lost decade."
    23 Aug 2011, 10:28 AM Reply Like
  • ggillin
    , contributor
    Comments (45) | Send Message
     
    Mark,
    Just which country do you think is not going to steal the gold deposited in it, just like every country has done in the past. The Swiss come to mind in a big way. And getting it back into the US without our government taking it would be a miracle in itself just like in the 30's your gold will be gone for very little hard asset backed money.

     

    I think the best thing to do is between the collapse when there is no control and the seizing by the government to start control again, is to turn your gold into a hard productive asset that will be able to make money again once this all blows over just like Warren is doing very quietly right now. I think there will be a six month window after all of the devaluations are over to make this type of move.

     

    Timing will be everything!

     

    WARNING - DO NOT KEEP YOUR GOLD ANYWHERE WHERE THE GOVERNMENT CAN GET THEIR HANDS NEAR IT.

     

    George
    23 Aug 2011, 11:24 AM Reply Like
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