From his office in Thailand, Dr. Marc Faber shares his monthly market commentary, noting the downtrend in 40-year interest rates could be in process of reversing, sending reverberations around the globe.
Investors must prepare for higher rates in the global financial arena, resulting in a lost decade resembling the 1967-1982 bear-stock market.
Meanwhile, asset and energy inflation will continue to erode purchasing power, as real inflation-adjusted incomes stagnate, a double blow to the working and middle classes.
Nevertheless, gold has maintained it's relative value this year, while many high-flying stocks continue to plunge 50% or more.
Against the backdrop of such volatility, Dr. Faber and the host concur, the ideal panacea for every investment portfolio remains gold and related precious metals assets.
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.
