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GoldSeek Radio Nugget: Dr. Marc Faber -- A speculative bubble in the precious metals sector..

From his office in Thailand, Dr. Marc Faber, editor of the “Gloom, Boom – Doom” report returns to Radio with his current economic analysis.

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Similar to the market manias of the past, the Tulip Mania, 1929 and 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.

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