Friday, June 25, 2010

Marc Faber I will never sell my Gold

"The governments of every developed economy will eventually default on their sovereign debts, so the one thing I will never do in my life is 'sell my gold'. Potential defaulter include the US, the UK and Western Europe.

"I'm convinced the US government will go bankrupt, but not tomorrow, and before they do they will print money , you'll get a depression with very high inflation rates."
Marc Faber Speaking at Russia's Troika Dialog Forum in Moscow early this year
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.