The Value Of The US Dollar

The value of the US Dollar will be precisely its intrinsic value, namely zero, precisely zero. - in CNBC

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

In Gold Terms, The Dow Jones Lost Over 80 Percent Of Its Value In 10 Years

In Gold or Silver terms, the Dow Jones over the last 10 years has already lost over 80% of its value. - in Business Insider

Related: SPDR Dow Jones Industrial Average ETF (DIA), iShares Silver Trust (ETF) (SLV), SPDR Gold Trust (ETF) (GLD), SPDR S&P 500 ETF (SPY)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I Still Believe The Best Currencies Are Gold And Silver

I still believe the best currency is gold and silver, and this is not the perception of most people. They believe gold and silver are speculative investments. - in Business Intelligence Middle East

Related: Ishares Silver ETF (SLV), SPDR Gold ETF (GLD), Hecla Mining (HL), Novagold (NG), Barrick Gold (ABX), Newmont Mining (NEM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Contest For The Ugliest Currency

We are in a contest for the ugliest currency. - in CNBC Asia

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

CNBC Video Interview: April

Latest CNBC video interview:

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Value Of The US Dollar Will Be Its Intrinsic Value

"The value of the U.S. dollar will be precisely its intrinsic value — namely zero, precisely zero" - in CNBC.com

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Investors Should Be Their Own Central Banks

Investors should be their own central banks and gradually accumulate gold reserves as a currency, rather than speculating in gold. - in CNBC.com

Related: SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Inflation: Everything Is Going Up

Everything is going up. Only at the Federal Reserve is there no inflation.

In that environment, cash and bonds will lose value. Other good choices besides gold are commodities, real estate, art, collectibles and so forth, anything that essentially cannot be multiplied at the same rate as paper money, that is subject to the printing presses of Mr. Bernanke. - in CNBC

Related ETFs: SPDR GOld ETF (GLD), Powershares DB Agriculture Fund (DBA), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), 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.

Inflation & Federal Reserve Policy

One day they the Fed will increase it federal funds by a quarter percent. But what does it mean when commodity prices are going through the roof, energy prices are going up, health care costs are going up, insurance premiums are going up? - in CNBC

Related: United States Oil Fund (USO), SPDR Gold ETF (GLD), Powershares DB Agriculture ETF (DBA)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Is Maybe Cheaper Today Than It Was In 1999, When It Was At 252

If it were a bubble a lot of people would have gold. The whole world would be trading gold 24 hours a day. But I don't think it's really a bubble. I think gold is maybe cheaper today than it was in 1999, when it was 252 USD. - in CNBC

Related: Spdr Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Ben Bernanke Is A "Murderer" Of The Middle Class

"Mr. Bernanke is a murderer, he’s a murderer of the middle class and the working class." - in GuruFocus

Related: SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

People Will Be Surprised With Interest Rates

"I think people will be surprised at how high interest rates will eventually go." - in GuruFocus.com

Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treasury Bond (ETF) (NYSE:IEF)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gloom, Boom & Doom: Asset Markets Move Up And Down

Well, I think that asset markets move up and down, and they go from a rising phase into a boom phase and into collapse and then people are gloomy and there is gloom around, and then the market bottoms out. Then the whole process starts again.

So i think as an investor you have to realize occasionally markets are overvalued, and occasionally they're undervalued. - in CNBC

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Precious Metals Are Basically Currencies That Are Honest

"So they have to invest in something, and so they look for real estate, they look for equities and of course they come to realize slowly, I have to say very slowly, that gold and silver are not commodities in the sense of industrial commodities, but that they are currencies. Precious metals are basically currencies that are honest because you can’t increase the supply indefinitely. You can’t have QE2, QE3, QE4 in the gold market." - in GuruFocus.com

Related instruments: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Is Still Under Owned By Individuals And Institutional Investors

"Continue to accumulate gold. The best way is to dollar cost average every month. Gold may decline in the short-term, but the long term trend is up. Faber also mentions that gold remains undervalued compared to the egregious amount of fiat money which has been printed by central banks worldwide. If the US ever needed to back the dollar with gold, it would take a price of $7500 per ounce of gold to accomplish this. Thus, gold remains an attractive asset. Furthermore, gold is still under owned by individuals and institutional investors. Regarding gold stocks, Faber is buying Newmont and Barrick." - in Wall Street Pit, from the Gloom, Boom & Doom Report

Related: SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I Believe The Fed Would Like To See Stocks Correcting Somewhat

I think QE2 is fully discounted. I believe the Fed would like to see stocks correcting somewhat and then have an excuse if stock are down 20%, then yeah, we need QE3. - in Bloomberg

Related: SPDR S&P 500 Index ETF (NYSE:SPY), ProShares UltraShort S&P 500 Index (ETF) (NYSE:SDS), ProShares UltraShort 20+ Year Treasuries (ETF) (NYSE:TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (NYSE:TLT), iShares Russell 2000 Index (ETF) (NYSE:IWM), iShares MSCI Emerging Markets Index (ETF) (Public, NYSE:EEM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Fed Funds Rate Should Be At 5 Percent

“In my opinion the Fed funds rate should be at 5 percent. That will provide real interest rates. I don’t think the Fed will increase interest rates to a positive real rate. So, I’d say to an investor, he should have at least 20 to 30 percent of his money in precious metals.” - in Bloomberg TV

Related: iShares Silver Trust (ETF) (NYSE:SLV), SPDR Gold Trust (ETF) (NYSE:GLD), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), 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.

Printing Money Is A Big Mistake

A big error is obviously to print money. I think it does not help in the long run, it can give a temporary boost to economic activity but it does not lead to sustained economic growth. In fact it creates a mispricing of assets and goods and services and has negative implications on the price mechanism. - in Bloomberg TV

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Fiscal Situation In The US

"The fiscal situation in the US is extremely dire if not hopeless." - in Bloomberg TV

Related: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Identifying Market Lows Is Much Easier Than Calling Market Highs

"Identifying market lows is much easier than calling market highs. Bubbles always seem to blow up further than expected. I have always underestimated the madness of the investment community.” - in CNBC

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.