If Marc Faber had to choose one asset class for the next 10 years it woud be gold. Cash and US treasuries would be be his least preferred decennial investment. US equities would be a reasonable choice for wealth protection, though not necessarily grow much when adjusted for inflation.
This was the broad message that the author of The Gloom, Boom and Doom Report delivered to a CPA Association meeting last night in Abu Dhabi, home of the world’s biggest sovereign wealth fund the Abu Dhabi Investment Authority.
in news.goldseek.com
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
