Dr. Marc Faber answers questions from Sprott money customers (Faber is on their board) in the wide-ranging interview. Some of the topics covered are:
Physical Gold & Silver in your IRA. Get the Facts.
1. The effects of central bank monetary policy: interest rates, market manipulation, etc. He believes they are so deep in trouble they will have to continue money printing.
2. Supply and demand of physical gold and silver.
3. The rally in mining shares: now outperforming the S & P.
4. Pensions – Do Not rely on yours.
5. The outlook for a gold standard, or a currency backed by hard assets.
Faber believes in an asset allocation for himself and most investors as follows:
25% Real Estate
25% Equities
25% Precious Metals
25% Cash and Bonds
Dr. Faber says that we don’t know what the world will look like in 5 years. But he truly believes that something will happen to cause pain for investors. Indeed:
“ONE DAY THE MUSIC WILL STOP”
Reprinted from MarcFaberNews.com.
