Marc Faber: Buy Vietnam, hold gold

Hong Kong-based Marc Faber, who famously foresaw the commodities boom of the last decade and the Asian crisis of the late 1990s, has long touted Asia’s potential. He remained bullish on the region at the annual roundtable discussion of investment experts hosted by Barron’s.

“I have seen Macau go from a sleepy village to a gambling centre seven times the size of Las Vegas,” says Faber. “Chinese tourism in Thailand grew by 90% last year.” Tourism is one reason he’s keen on Vietnam.

He reckons the beach region around Da Nang, which has just built an international airport [...]

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