Marc Faber: Cling to your gold

Investment guru Marc Faber sees trouble on the horizon thanks to the Federal Reserve's money-printing.

Even by his standards, Marc Faber has been sounding unusually gloomy of late. The Hong Kong-based Swiss investor, who foresaw the 1990s Asian crisis and was among the first to call the multi-year raw materials upswing, says we are in danger of "a total collapse".

In recent years we have been through "a period of huge asset inflation" in assets ranging from equities to real estate, Faber told Bloomberg TV. And now the outlook is darkening. The economists at America's Federal Reserve "have boxed themselves into a corner where they are now desperate".

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.