Marc Faber will never sell gold and sees Asian markets falling
Posted on 02 November 2010 with 2 comments from readers
A coming slowdown in China is due to have massive repercussions for global commodity producers warns Dr Marc Faber, the legendary investment advisor.
But he is still investing in Asian stocks and gold because he is more worried about holding cash and bonds in volatile global markets. China exports more to emerging than developing countries so the impact of problems in China will be severe for them.
That said emerging markets are the place to be in the very long term and will give higher returns than developing markets that are bogged down in debt problems. But Japan will outperform the US and Europe because its companies are still very competitive, says Dr Faber.
Marc Faber also recommended the ArabianMoney investment newsletter this week (click here). November issue out now!
2 Comments posted by readers:
The Hang-Seng along with the Korean Index were both upgraded today and the Hang-Seng his a new high for the year. Sentiment is quite bullish in Asia these days and profits for many companies and manufacturers are still very good in most parts of Asia (Japan aside that is lol..)..
@Andy is correct , I would absolutely agree with this one. Marc Faber will neversell gold when he knows the economy is going down