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News Link • Economy - Economics USA

Marc Faber On Protecting Wealth In The Coming Collapse

•, by Tyler Durden
 Of course, it is the central banks' response to even the fears of that bust (e.g. whether it washes around the world - from EM to DM) that will turn an asset-deflationary bust into a hyperinflationary collapse in fiat currencies; and focused on the long-term, 'Gloom, Boom, & Doom Report's' Marc Faber looks at how to preserve wealth through this as he ranges from the obsolescence risk of equities to the political risk of real estate and banking risks of cash and deposits. Faber reflects on various lessons from the past (hyperinflations, wars, banking crises) and geographies as he moves from asset class to asset class highlighting the pros and cons of each. Preferring a mix of gold and diversified real estate (and not government bonds), Faber warns investors to be highly skeptical of anyone who believes they can forecast what is going to happen over the next 5-10 years.

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