Here are Marc Faber`s most recent comments on the financial markets:
"One day the price of gold will be higher than the Dow Jones."
"The CRB, a broad index of commodities, fell for 20 years in nominal terms, from 1980 to 1999. It is now up 12% and is still inexpensive. The Dow and the S&P are up substantially from the 1980s or early 1990s. Everyone thinks fiscal and monetary measures will work to fix the financial system. I don't. They will be disastrous and fuel inflation. But the supply of oil, gas and copper is relatively limited compared to paper money you can print."
"Recently I bought some U.S. stocks for the first time in a long time. If you buy Intel , Cisco , Yahoo! , Oracle and Microsoft , you will do much better in the next 10 years than you would with Treasuries."
Marc Faber is bullish on industrial commodities and thinks that these government plans will only fuel inflation. You can track Marc Faber trading views on FOREX, commodities, futures and stocks here. Marc Faber is stock picking big cap tech stocks for the first time in a few years.
