I'm Selling Stocks and Buying Gold
INTERNATIONAL. Dr. Marc Faber the Swiss fund manager and Gloom Boom & Doom publisher believes markets will punish central banks, at some stage, for their extensive monetary easing. This could materialize as a bonds market collapse or a stock market bubble.
He reckons investors should enjoy the rally while it lasts, and says he is already unwinding his long positions because when 'euphoria' builds up and everybody is investing, markets turn down. He also thinks investors who don't own gold are in "great danger".
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