Summary of Marc Faber’s speech at Mises Circle: Buy Metals

Marc Faber says 3-5% of his typical audience owns physical gold. And most of them not a meaningful position. Some quotes:
“Zero interest rates create new bubbles”
“Central banks can’t control where the money will drop into when they give it out via low interest rates”
“Low interest rates caused speculation in commodities, like oil”
“Greenspan could see housing bubbles in Spain and Shanghi but not the US”
“Lifetime achievement of Greenspan and Bernanke – creating a bubble in everything!”
“2000-2007 all asset classes went up, dollar went down. 2008 reverse happened”
“Dollar strength function of decreased global liquidity, increased global liquidity made dollar weaker”

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