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Tuesday, July 03, 2007

Faber in person, and "always long on gold"

While we're doing the visuals, let's have a look at Marc Faber. I find you can learn so much about people from their face, voice and physical posture. Faber comes across as frank, clear, careful to say it right, thought-out.

This interview is several months old, but has many nuggets of enduring value, such as a possible 30-40% drop in emerging markets, political prospects for Thailand, Japan as a buying opportunity, and gold as a store of value against the relentless decay of paper currency.

Note how he says at the end that Americans should not hold gold in America, for fear of expropriation in a crisis. Warnings like that made in his gentle and cautious way are all the more stark.

Part 1:

Part 2:

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