LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Report: This Week in Mining Issue #14: A Quiet Week on the Mining Front
By: Chris Marchese, Chief Mining Analyst at GoldSeek.com

Getting Positioned for the Worst Depression in the History of the World...
By: Clive Maund

Precious Metals Hit Resistance
By: Jordan Roy-Byrne

COT Gold, Silver and US Dollar Index Report - May 22, 2020
By: GoldSeek.com

Gold Mid-Tiers’ Q1’20 Fundamentals
By: Adam Hamilton, CPA

What re-opening success or failure means for metals
By: Richard (Rick) Mills

Why Silver Stocks Should Be on Investors' Radar
By: Clive Maund

Precious Metals Update Video: Finally got the corrections in metals from overbought terrirtory
By: Ira Epstein

Silver Springboards Higher – What’s Next?
By: Stefan Gleason

Gold: Attack warning yesterday
By: Gary Savage

 
Search

GoldSeek Web

 
GoldSeek Radio Nugget: Dr. Marc Faber

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Friday, 12 July 2019 | Print  | Disqus 


Dr. Marc Faber & Chris Waltzek Ph.D. - July 9th, 2019.

*Thanks for supporting the show!

Mp3 format.

 

Summary

  • From his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom 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 the GloomBoomDoom 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.


| Digg This Article
 -- Published: Friday, 12 July 2019 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

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


Map

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.