In an interview with Business Standard Marc Faber, the author of Gloom, Boom & Doom Report, spoke on how central banks‘ asset purchases – which have only increased over time – will impact prices.
The editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC's "Trading Nation" that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history.
Anticipating a downtrend, Faber said he's holding physical gold in safe-deposit boxes and buried in his garden, as well as holding gold mining shares. For "ordinary" investors, he recommended holding gold exchange traded funds (ETFs), such as the Market Vectors Gold Miners ETF, or GDX.
In the current scenario, Marc Faber sees very few buying opportunities in the global market and most markets, especially the United States, continue to be expensive. Emerging markets, according to him, look more attractive than the US from a 7-10 year perspective
Faber contends that growth in world's second largest economy has "slowed down to trickle", adding that 6-7 percent growth is a "pipe dream."
Investors expressed concern following the release of the city-headquartered bank's quarterly numbers for the April-June period on Wednesday, which showed a marginal increase in NPAs.
Marc Faber, Editor & Publisher, The Gloom, Boom & Doom Report and Investment Guru believes the market at the moment remains very frothy and it is to be seen whether it approaches a longer term top or just a short term peak.
Forget Greece, which is an "insignificant" economy, it is China that poses the biggest risk to the global economy, Marc Faber the editor and publisher of the Gloom, Boom and Doom report told CNBC on Friday.
US stocks are at the start of a more meaningful correction and possibly even a bear market, Marc Faber, the editor and publisher of the Gloom, Boom and Doom report told CNBC in Singapore on Saturday, though he added that further money printing would likely limit the decline in the S&P 500.
Another round of quantitative easing in the US will depend on the direction of the SandP 500, Marc Faber, editor of the Gloom, Boom and Doom Report told CNBC Monday, following Federal Reserve Chairman Ben Bernanke`s failure last week to hint at a QE3.
Most of the European countries should be rated triple-C and the U.S. "should not be a "triple-A-minus but a triple-B or junk bond when you really analyze the unfunded liabilities that will come due in future," investor Marc Faber told CNBC Friday.
Marc Faber, Editor & Publisher, 'The Gloom, Boom & Doom Report, is cautious on global markets. In an interview to CNBC-TV18, he warned that markets are likely to see a rough period in Sep-Oct.