From his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of theGloomBoomDoom report, returns with his outlook.
According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches.
A global / domestic economic maelstrom of epic proportions where paper assets denominated in the reserve currency lose up to 80% is possible.
Few asset classes will endure the economic storm ahead, however, safe havens include gold, silver, PMs shares and cryptocurrencys.
Despite the remarkable increases in modern productivity given quantum leaps in access to technology and information, living standards are sagging.
Incomes have not matched increases in the cost of living.
The duo concur that the erosion of the standard of living is directly correlated to profligate money expansion, which acts as a reverse "Invisible Hand."
Both the guest/host advocate diversification of asset classes, increasing the weighting of safe haven, hard money assets in the coming years to shield wealth from potential economic volatility.
From his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of theGloomBoomDoom report, returns with his outlook on the financial markets for 2019. According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches in preparation for a global / domestic economic maelstrom of epic proportions where paper assets denominated in the reserve currency lose up to 80% or more in value. Few asset classes will endure the economic storm ahead, however, safe havens include gold, silver, PMs shares and a diversified cryptocurrency portfolio. Despite the remarkable increases in modern productivity given quantum leaps in access to technology and information, the typical standard of living level for the majority of people has stagnated, as incomes have not matched increases in the cost of living. The duo concur that the erosion of the standard of living is directly correlated to profligate money expansion, which acts as a reverse "Invisible Hand" as outlined in the Wealth of Nations (Smith, 1776). Both the guest/host advocate diversification of asset classes, increasing the weighting of safe haven, hard money assets in the coming years to shield wealth from potential economic volatility.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
Dr. Marc Faber
