bthomas

Marc Faber on the Economy, Gold, WWIII

Canned goods and ammunition. Anything but the dollar. Once the Epic Inflation Machine finally kicks in.


On Jan 08 04:41 PM curbs-in wrote:

> Marc Farber, sadly, is not gloomy enough.
>
> If much of what these guys (Peter Shiff, et.al) tell you comes true,
> do you really think the investments like gold, etc will be worth
> anything?
>
> First of all, I do believe that the United States and our economy
> will fail. There is no way the Obama administration can prop this
> economy up unless they spent $1trillion a month for a decade or more
> (that is just about the levels of loss that is going on right now).
> You won't be able to live on hope.
>
> Buy gold? You'd be richer with canned food, firearms and ammunition.
> In the not too distant future, that's what you'll really NEED. That
> is where the DEMAND will be.
>
> I went to a couple of box stores today. Nobody and I mean there
> was NOBODY in them. It was sorta spooky, but it tells me that things
> are going to spiral down rather quickly.
>
> Be ready.