From his office in Thailand, Dr. Marc Faber, editor of the “Gloom, Boom – Doom” report returns to GoldSeek.com Radio with his current economic analysis.
Similar to the market manias of the past, the Tulip Mania, 1929 and Dot.com frenzy, neophyte retail investors imbibe in potent potables, “mem-stocks” such as AMC, GameStop and Robinhood; our guest suggests that this theme is speculative – investors’ appetite for safe haven assets could soon replace the risk-on mania.
Dr. Faber suggests that a speculative bubble in the precious metals sector may be inevitable, once faith in officials begins in earnest. His investment strategy includes accumulating gold at every opportunity, maintaining a healthy 25% portfolio allocation to the king of currencies.
On a forward basis, Dr. Faber is concerned by the enormous levels of monetary / fiscal stimulus required to maintain the domestic and global economies. Similar to a living being, national economies are not well suited to “shutting-down.” If policymakers panic and shut-down the global economy this Fall amid elevated pandemic numbers, it could lead to severe economic implications.
https://www.gloomboomdoom.com/
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
