What's the Financial Outlook for 2013?

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Marc Faber, author of his famous Gloom, Boom and Doom Report sees a lot of surprises for investors this year, none of which are positive. Tax increases, rampant spending and geopolitical tensions will negatively impact the economy. He feels there’s a potential for a 20% decline in the stock market. US Treasuries are undesirable as the country’s credit rating continues to dwindle. Plus the dollar is a very sick currency; it’s even weak against the Euro.

Dr, Faber says he’s buying gold every month. And he states: “I will NEVER sell my gold in my life, certainly as long as there are people like Bernanke, Obama and the US congress in power”.

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