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Faber: U.S. is BUST in the Long-Term!

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  • #1

    Faber: U.S. is BUST in the Long-Term!

    Pearl 1: BRIC to suffer more during the downturn because they are producers selling to consumers in the US(Faber).

    Pearl 2: "You gotta own gold physically"

    Pearl 3: 10% at least in physical gold.

    Pearl 4: Gold can go down to $600...due to tightening in the private sector (not fed).

    Anyway, here is the clip:

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  • #2
    Re: Faber: U.S. is BUST in the Long-Term!

    Originally posted by LargoWinch View Post
    Pearl 1: BRIC to suffer more during the downturn because they are producers selling to consumers in the US(Faber).

    Pearl 2: "You gotta own gold physically"

    Pearl 3: 10% at least in physical gold.

    Pearl 4: Gold can go down to $600...due to tightening in the private sector (not fed).

    Anyway, here is the clip:





    What about reflation of the banks' capital?

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