The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. It was easy to find your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Facing a similar situation, I sought advice from an invęstment advisęr. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
She goes by ‘’Colleen Rose Mccaffery’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for sharing, I must say, Colleen’’ appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large $5m stock/bond portfolio for substantial gains at minimum risk of inflation.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Certain Mag 7 companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
She goes by "Monica Shawn Marti” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
She goes by "Monica Shawn Marti” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time but who is this financial advisor you guys use please...
She goes by "Svetlana Sarkisian Chowdhury” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Listen Marc for over 15 years and his general long term predictions have been Spot on - I bought Gold and Silver over those years on a consistent basis as a form of insurance - I think the World House is now on fire and boy am I glad I bought my insurance at much much lower prices - It might actually turn into an investment ! Thanks Mr Faber !
I grew up on supervision hill in Creighton mine with a mile deep mine and 100 years. I also have 2 degrees and 25 years in Psychology and psychiatric. Maybe your just a bad leader ?
The tears are coming down my cheeks as I type.... Oh know now i'm dating my self ... But it is so fucking true.... What are we doing with out education dollars? Although I chuckle it is not funny... Are we to blame?
I always enjoy Dr Faber's insights which are always spoken with such bluntness. I totally agree that inflation and interest rates have started an upward trajectory and this is just the beginning. As he mentioned, governments cant stop spending because they need to get reelected and no way will they increase taxes because that would be political suicide. Only solution is to print, print, print and this is why i buy as much gold as I can. This move above $2k is just starting 🚀🚀🚀
Helps you understand why politicians are so eager to build their campaigns around culture war. The actual policies that would decrease debt (lower social security and medical benefits spending, higher income taxes on all income levels) are absolute nonstarter with voters.
It's Jimmy Connor, thanks for the comment! I hope you are both wrong because even if inflation is running below 10%, I cant take much more. It is eroding my life style.
As an elder millennial, one of the few advantages is having lived through the Great Recession, Election and Economy Crisis. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
That's true...I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns.
You're absolutely right! It just takes a good mindset and nerves of steel. I was deeply invested in 2020 with the economy crisis being bad, divorce and me with no job, so I had to work my savings in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
Mind sharing info on the adviser who assisted you? been saving for pension since age 21 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 48 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
I can understand why Marc moved to Thailand. The food and culture both amazing! It has some of the nicest people I have ever met, always happy, always smiling. The beaches are just out of this world. Phukett great area but I would suggest the Phi Phi islands.
In my opinion, Marc Faber is the greatest economist to explain to the common man like myself. I am forever grateful for the advice he took the time to give me over a decade ago, not knowing who I was, and it was almost fatherly advice at the time. It worked out well, and forced me to make the important decisions based on what I needed from life, not what he thought I should do, he only presented the question in a brighter light. Thank you for having him on for the interview, I always pay attention to what he has to say.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
The fact that Mr Faber refused to apologise for obviously correct opinions even though it cost him financially means he is more trustworthy to listen to.
Koh Samui, is a nasty island full of drugs, however, if you run to 35 years of age, it’s nothing but a party town not much culture at all just beer, and massage. The beaches are crap infrastructure is crap, but hey if it’s your cuppa tea.
Forget gold. Buy a simple business with a simple Cash flow. Open a simple bank account and have a modest part of your income completely legal. Five six rentals? What ever. You want to be so far under the radar that no one ever sees you.
He’s spot on about large institutions not havening gold in their portfolios, I work for one. But I think the Fed is doing some type of QE via large institutions by having them invest heavily in bonds. Juts a thought
Hi, from Turkey, it was a nice conversation. The inflation is about %100 or maybe over it. But the Statistics Agency of Turkey had been announcing the inflation rates at %68 officially. The elements of consumer price index are not explained with their weights on inflation. And now there is minus real interest rates. So inflation is growing bigger and bigger. I understand it is the same in US. there is a negative real interest rates at USA. According to Marc Faber the real inflation is at %18 at real as the inflation calculated in 70s. The governments are really creating illusions about numbers. Typically same.
It's Jimmy Connor, thanks for the comment and for the Turkish perspective. I always enjoy hearing from people in actual countries to get the true account of what's really happening.
Thanks but a very subdued forecast by Mr Faber. When the debt levels are growing by $1 trillion every 100 days and represents 125% of GDP, the financial system is in dire condition and the outcome can only be disastrous. Guns and gold!!!
@@timgibson3754can you imagine? One of these days we’re going to hear it said the debt is going up a trillion dollar per month. If that doesn’t scare the crap out of people then I don’t know what will. Scary times.
It's Jimmy Connor, thanks for the comment Shay and for taking the time to view our content! If there is someone else you would like to see on the channel please let me know.
It's Jimmy Connor, thanks for the positive comment and for Subscribing! If there is anyone else you would like to see on the channel please let me know.
It's Jimmy Connor, thanks for the comment David and for taking the time to view our content! Check out my partner company Hard Assets Alliance hardassetsalliance.com/ you can find out anything and everything about buying gold and how to store it.
Thanks Marc for your unwavering view on central bank dumbness and insanity. I did not fully comprehend that while I had the chance to work with you. Now I am completely with you on that. It rings true more than ever that the people that measure and publish the cpi numbers are those that dont eat, dont drive, and if you want to buy grocery or houses cheap, go on TV to buy on it. Real CPIs are not 2-3%. Definitely not.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If there is someone else you would like to see on the channel please let me know.
@@BloorStreetCapital thanks Jimmy, when I saw your name I thought is it the famous tennis player?, turned out no. Anyway, please invite Howard Marks to your show as I really want to hear his views on economic cycles if they are still applicable and relevant after years of enjoying only 1 cycle of printing and printing again. Thanks J.
t's Jimmy Connor, thanks for the comment! Yes its not often you see someone lite up during an interview. It would have been great if he was drinking a scotch too.
Yeah it's not hard to do the math for people who are living paycheck to paycheck you can tell them any stats you want and I know exactly how they're living😢😢
Marks comments on leaving your gold in Canada. The Canadian host should have set the record straight as to why Mark made the statement. He believes and is listening to the lies about Canada on US media, show hosts, etc.
Gold and silver mining stocks and companies... are not physical gold and silver! They are two completely different things. A precious metals mining company has to pay for equipment, permits, payrolls, fuel, land leases, workers comp, health benefits, etc! The end product that they produce is actually the opposite of what they are... a company with massive expenses and liabilities!
But they are the best leveraged play on the planet because without them, the gold supply stops. At some point too, the price of gold will have to also go up if all in sustaining costs are above the price of gold else there will no incentive for any company to mine it.
It's Jimmy Connor, thanks for the comment! Yes, you raise a good point and this is why many mining companies have been underperforming. Price inflation along with increasingly complicated regulations has crushed margins.
Bitcoin Cash chart looks like the 2014 to 2018 Bitcoin chart. Priced at $630 a coin BCH has the same genesis block as BTC, same 21M total supply, same halvings and the same miners. Bitcoin went from $600 a coin to $16,000 back in 2018. Maybe holding a few BCH through the next cycles could deliver big returns. If BCH follows BTC it could go from $600 to $70,000 a coin so maybe it's an 8 year retirement plan It might not, but there is little risk in holding a few, just in case. Call it insurance, like Gold but fast, cheap to use and accepted as payment by retailers
It's Jimmy Connor, thanks for the comment/question Kevin! Marc didn't put a timeline on it he just said that it develops over many years but this is the beginning of ongoing inflation.
Chiang Mai has some of the worst air pollution on the globe and for the past few months, it's been the most polluted. Just today a report came out confirming the huge rise in deaths due to lung disease and cancer.
Once upon a time, in the West, there were competing theories concerning market valuations: the strong form hypothesis predicated that markets are pretty much instantly and fully discounted for all information in the public sphere. The accepted alternative allowed for the possibility of a more viscous diffusion of significant information (the semi-strong form). The third alternative was more or less discounted. What now strikes me is just how slowly apprehensions take to permeate the minds of the mainstream market participants. There are a serious stack of hazards looking to fall over at pretty much the same time, from geopolitical tectonic shifts, resource constraints, kinetic conflicts within the framework of the greater World conflict, and, in the West, the progressive failures of the Governing and Intellectual classes, with particularly adverse effects on Government and Media credibility. The limits of political apathy will be tested by food prices, and food scarcities. More diffuse may be the failure of pension systems, financial institutions, but such failures can be screened by Modern Monetary Practice, injecting funds directly into the failing Institutions.
i dont really have 40min to watch all this, i know gold will get to US$10,000 by 2030 im sure, but did faber say how low the DOW or SP500 will fall too ? is he expecting a 30% drop 80% drop? did he mention this?
We print IOUs, not money. We coin money. Coined money never changes. Dow 18 ounces of gold in 1929 and 2024. The IOUs are the problem, printing DEBT, IOUs, not money. IOUs are not money. Dow $380 in 1929, Dow $38,000 in 2024. What is the difference between one IOU dollar and one trillion dollars in IOUs? Twelve keystrokes, dishonest measures, lies, fraud, a tragedy. Protect yourself. Own gold.
Interest in PM is low because young people today don't want o spend more than 5 minutes understanding finance and real money. Most don't have the wealth to invest in it anymore. Many depend on parents now to finance their buffoonery! Most of all your government has done very good job of propagandizing Gold as an ancient relic and to hold it is ridiculous for the average wage earner!
It's Jimmy Connor, thanks for the comment! You make a good point about the lack of interest from the Gen Zs. If its longer then 30 secs they dont want to watch it.
Do you agree or disagree on Marc's views on the U.S. markets and if gold is going higher? Who else would you like to see on our channel?
Gold is a must but question is how much. I think he mentioned 30-40% of portfolio, thats to much.
No when the market crashes they will sell gold to cover , buy SQQQ and then u buy Gold cheap
Gold is just beginning to rise. It’s going way higher
david iben pls
@@ambrosedong2542 Great call! A true gentleman!
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
@@mikegarvey17who is your advisor please, if you don't mind me asking?
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. It was easy to find your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Facing a similar situation, I sought advice from an invęstment advisęr. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
It appears that your investment advisor is highly skilled. Could you please let me know if you are still in contact with this advisor and, if so, how?
She goes by ‘’Colleen Rose Mccaffery’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for sharing, I must say, Colleen’’ appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
l've been down a ton, I'm only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large $5m stock/bond portfolio for substantial gains at minimum risk of inflation.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Certain Mag 7 companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
She goes by "Monica Shawn Marti” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
She goes by "Monica Shawn Marti” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time but who is this financial advisor you guys use please...
She goes by "Svetlana Sarkisian Chowdhury” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Dr. Faber's plain and straightforward commentary is refreshing!
It's Jimmy Connor, thanks for the comment Charles!
Marc Faber is always realistic and a must watch.
It's Jimmy Connor, thanks for the comment David and I agree!
@@BloorStreetCapitalI didn't hniw the former tennis player spoke about economics
Could listen to Marc all night...refreshingly honest and knowledgeable. Thank you for bringing him on James.
t's Jimmy Connor, thanks for the comment and happy you enjoyed it!
Salute And Cheers To All Stackers
It's Jimmy Connor, thanks for the comment and thanks to all the stackers!
Listen Marc for over 15 years and his general long term predictions have been Spot on - I bought Gold and Silver over those years on a consistent basis as a form of insurance - I think the World House is now on fire and boy am I glad I bought my insurance at much much lower prices - It might actually turn into an investment ! Thanks Mr Faber !
what a baloney statement he is a classic "broken clock is right twice a day"
I love listening to Dr. Marc! He’s Great. 👍🏽⭐️
It's Jimmy Connor, thanks for the comment!
“People are slow; I know because I have employees”!!!😂😮😂
I grew up on supervision hill in Creighton mine with a mile deep mine and 100 years.
I also have 2 degrees and 25 years in Psychology and psychiatric.
Maybe your just a bad leader ?
The tears are coming down my cheeks as I type.... Oh know now i'm dating my self ... But it is so fucking true.... What are we doing with out education dollars?
Although I chuckle it is not funny... Are we to blame?
I always enjoy Dr Faber's insights which are always spoken with such bluntness. I totally agree that inflation and interest rates have started an upward trajectory and this is just the beginning. As he mentioned, governments cant stop spending because they need to get reelected and no way will they increase taxes because that would be political suicide. Only solution is to print, print, print and this is why i buy as much gold as I can. This move above $2k is just starting 🚀🚀🚀
Helps you understand why politicians are so eager to build their campaigns around culture war. The actual policies that would decrease debt (lower social security and medical benefits spending, higher income taxes on all income levels) are absolute nonstarter with voters.
It's Jimmy Connor, thanks for the comment! I hope you are both wrong because even if inflation is running below 10%, I cant take much more. It is eroding my life style.
@@deseosuho It's Jimmy Connor, thanks for the comment and great point! It's just one major distraction. They want you to look the other way.
As an elder millennial, one of the few advantages is having lived through the Great Recession, Election and Economy Crisis. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
That's true...I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns.
You're absolutely right! It just takes a good mindset and nerves of steel. I was deeply invested in 2020 with the economy crisis being bad, divorce and me with no job, so I had to work my savings in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
Mind sharing info on the adviser who assisted you? been saving for pension since age 21 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 48 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
Always good to see and hear from Marc.. Thank You both !
Nice to see Dr Faber is doing well Been following him for years God bless him
It's Jimmy Connor, thanks for the comment Frederick!
I can understand why Marc moved to Thailand. The food and culture both amazing! It has some of the nicest people I have ever met, always happy, always smiling. The beaches are just out of this world. Phukett great area but I would suggest the Phi Phi islands.
It's Jimmy Connor, thanks for the comment Omer! Yes I really have to go. I have always heard such great things about Thailand!
Lady boys too lol
In my opinion, Marc Faber is the greatest economist to explain to the common man like myself. I am forever grateful for the advice he took the time to give me over a decade ago, not knowing who I was, and it was almost fatherly advice at the time. It worked out well, and forced me to make the important decisions based on what I needed from life, not what he thought I should do, he only presented the question in a brighter light. Thank you for having him on for the interview, I always pay attention to what he has to say.
Where were you able to meet him?
I totally agree with his advice. Sell paper assets and buy hard assets. It's a no brainer.
It's Jimmy Connor, thanks for the comment Mike! Simple words but so true!
Excellent discussion. Thank you for letting Marc speak without interrupting. Wonderful host.
Thanks for the positive comment (wish I got more of those) and for taking the time to view our content!
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I purchased 2 dozen 2018 1/10 oz gold coins for $129/each in 2018 via a large ad in the USA Today newspaper. One of my better investments.
Man made all fiat currencies. God made precious metals.😊
Nice work! Wish I did the same.
Marc is the man love his work
Mr. Faber is one of my favorite people to listen too, I always appreciate his candid responses. Great interview Gentlemen
It's Jimmy Connor, thanks for the comment!
Marc Faber is such a cool dude, I'm considering starting to smoke to be more like him ^^ Love ya Marc!!! Peace from China.
It's Jimmy Connor, thanks for the comment! He's like an older Anthony Bourdain.
A very wise old man that gives superb advice. Own PMs and sleep well, they will look after you.
t's Jimmy Connor, thanks for the comment Martin! Agreed!
Great questions and a most knowledgeable guest.
It's Jimmy Connor, thanks for the comment Joseph!
Marc Faber is a classical and classy man! Always my pleasure to listen to him. Cheers Marc from Mark from Canada 👍🏻
The fact that Mr Faber refused to apologise for obviously correct opinions even though it cost him financially means he is more trustworthy to listen to.
It's Jimmy Connor, thanks for the comment Ashley!
Marc Faber, Bill Holter, Bob Moriarty, Simon and Francis Hunt. Always worth listening to.
It's Jimmy Connor, thanks for the comment Chris and for the suggestions! I'm always looking for new guests.
Marc Faber 👍👍
It's Jimmy Connor, thanks for the comment and the emojis 😁😁😁
i love Marc
It's Jimmy Connor, thanks for the comment! He is both informative and entertaining!
I came to the comments to say this! ❤
I've always got time for Marc Faber.
Thanks for the comment Malthus! Marc is a fan fav!
Koh Samui Island Thailand is #1 in all the world 👍👍👍👍👍👍👍👍
It's Jimmy Connor, thanks for the comment and the suggestion Bill! It's on my list!
I have visited over 50 counties and it in the top 3 places I have seen. Breathtaking beauty everywhere you look.
Koh Samui, is a nasty island full of drugs, however, if you run to 35 years of age, it’s nothing but a party town not much culture at all just beer, and massage. The beaches are crap infrastructure is crap, but hey if it’s your cuppa tea.
Forget gold. Buy a simple business with a simple Cash flow. Open a simple bank account and have a modest part of your income completely legal. Five six rentals? What ever. You want to be so far under the radar that no one ever sees you.
Got to love Marc. He's so politically incorrect.
It's Jimmy Connor, thanks for the comment!
“ we know who controls the media” Oy veh
Very good interview, thxs.
It's Jimmy Connor, thanks for the comment Alex and for taking the time to view our content!
Thank you Mr. Marc for speaking up
Yes Sir, we all shall buy gold. 😊😊😊
Agreed!
First time listening to your Channel. Great interview!
Great interview. 👍🏼
It's Jimmy Connor, thanks for the comment JoeySocks!
I love Good man Dr Marc Faber is always totally agree that inflation rate knowledge gold and silver God bless you ❤❤❤❤Go Go Go Go Go
Thanks for the comment and for taking the time to view our content! Go Gold!!!
Gold up 30% in 3 weeks.. wow these people are geniuses.
It's Jimmy Connor, thanks for the comment but we need it up 200% to make up for lost time.
He’s spot on about large institutions not havening gold in their portfolios, I work for one. But I think the Fed is doing some type of QE via large institutions by having them invest heavily in bonds. Juts a thought
evergreen prediction and advice from Dr Doom. like a broken clock, he’s right once every 20 years
It's Jimmy Connor, thanks for that comment James! Who would you rather see on the channel?
Hi, from Turkey, it was a nice conversation. The inflation is about %100 or maybe over it. But the Statistics Agency of Turkey had been announcing the inflation rates at %68 officially. The elements of consumer price index are not explained with their weights on inflation. And now there is minus real interest rates. So inflation is growing bigger and bigger. I understand it is the same in US. there is a negative real interest rates at USA. According to Marc Faber the real inflation is at %18 at real as the inflation calculated in 70s. The governments are really creating illusions about numbers. Typically same.
It's Jimmy Connor, thanks for the comment and for the Turkish perspective. I always enjoy hearing from people in actual countries to get the true account of what's really happening.
Thanks but a very subdued forecast by Mr Faber. When the debt levels are growing by $1 trillion every 100 days and represents 125% of GDP, the financial system is in dire condition and the outcome can only be disastrous. Guns and gold!!!
It's Jimmy Connor, thanks for the comment! Yes he was somewhat subdued, maybe it was the time of night, 11pm his time.
I'm looking forward to 0ne Trillion per 10 days
@@timgibson3754can you imagine? One of these days we’re going to hear it said the debt is going up a trillion dollar per month. If that doesn’t scare the crap out of people then I don’t know what will. Scary times.
Fabers call of long gold/short S&P 500 has played out to perfection since this video was released.
Thanks for the comment Jason and yes it has!
34:45 Marc Faber is, also, kind of funny to watch. His James Bond vilain look and sound makes him entertaining.
Always always love listening to the Doc😊❤
Thanks for the comment and for taking the time to view our content!
Like the random giggles
It's Jimmy Connor, thanks for the comment! Yes, they were entertaining.
So interesting. Thanks for an honest and informative interview!!!
It's Jimmy Connor, thanks for the comment Shay and for taking the time to view our content! If there is someone else you would like to see on the channel please let me know.
1) We know who runs the media
2) "Marc Faber" is an anagram for "Barf Cream"
3) Thanks to both gents for an interesting conversation o/
thank you sir i really appreciate ad enjoy your choice of guest very informative and honest advise
Thanks for the comment and for taking the time to view our content!
Started stacking Gold when it was 350 an ounce..........
It's Jimmy Connor, thanks for the comment! I wish I started the.
Always want to hear what Mark has to say.
The yield curve (2 and 10 yr.) has been inverted for about two years. Can you speak to that please?
Im new to this channel and a new sub, this was a great interview, got a wealth of knowledge today. Thanks for great content.
It's Jimmy Connor, thanks for the positive comment and for Subscribing! If there is anyone else you would like to see on the channel please let me know.
Some industrial and agricultural stocks like 3M and Archer Danials are a great value now
It's Jimmy Connor, thanks for the comment! You cant go wrong with those names.
What countries are good to store ones physical gold?
It's Jimmy Connor, thanks for the comment David and for taking the time to view our content! Check out my partner company Hard Assets Alliance hardassetsalliance.com/ you can find out anything and everything about buying gold and how to store it.
With the thumbnail it says "Buy Gold" but I swear that keep thinking that I am seeing "Bald Guy."
I like these cucus advising for gold :D
Well said 😊
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
In Thailand, the law is the law
but it would be difficult to enforce the law
LMAO this guy
It's Jimmy Connor, thanks for the comment! Yes, Marc is both informative and entertaining!
What abut bitcoin ?
Marc prefers gold. I wanted to have a discussion on bitcoin to understand why he doesn't like it but we ran out of time.
Every other assets gone double now it’s gold’s turn
It's Jimmy Connor, thanks for the comment! Let's hope so!
Thanks Marc for your unwavering view on central bank dumbness and insanity. I did not fully comprehend that while I had the chance to work with you. Now I am completely with you on that. It rings true more than ever that the people that measure and publish the cpi numbers are those that dont eat, dont drive, and if you want to buy grocery or houses cheap, go on TV to buy on it. Real CPIs are not 2-3%. Definitely not.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If there is someone else you would like to see on the channel please let me know.
@@BloorStreetCapital thanks Jimmy, when I saw your name I thought is it the famous tennis player?, turned out no. Anyway, please invite Howard Marks to your show as I really want to hear his views on economic cycles if they are still applicable and relevant after years of enjoying only 1 cycle of printing and printing again. Thanks J.
@@KienKhoan Great call and I would love to have a discussion with Howard.
what is dr. Marc Faber oprginal lanhguage, polish or rusian? since he is an accent , i ave wondered
It's Jimmy Connor, thanks for the comment/question. He is Swiss.
love his smoking during show... very realistic..
t's Jimmy Connor, thanks for the comment! Yes its not often you see someone lite up during an interview. It would have been great if he was drinking a scotch too.
Yeah it's not hard to do the math for people who are living paycheck to paycheck you can tell them any stats you want and I know exactly how they're living😢😢
Thanks for the comment Robert and for taking the time to view our content! Yes this inflation is killing us all.
🙏🏼good content
Thanks for the comment and for taking the time to view our content!
How much longer will it last? Someone knows. Not me
Marks comments on leaving your gold in Canada. The Canadian host should have set the record straight as to why Mark made the statement. He believes and is listening to the lies about Canada on US media, show hosts, etc.
Remember the trucker's strike!?
Thank you good interview.
Ofcourse governments lie about inflation,not to long ago German PPI was up 30% in haw can the CPI than be 8,9% ?
t's Jimmy Connor, thanks for the comment and the ongoing support Malek!
Mr. Faber is clearly heavily invested in China.
Gold and silver mining stocks and companies... are not physical gold and silver! They are two completely different things. A precious metals mining company has to pay for equipment, permits, payrolls, fuel, land leases, workers comp, health benefits, etc! The end product that they produce is actually the opposite of what they are... a company with massive expenses and liabilities!
But they are the best leveraged play on the planet because without them, the gold supply stops. At some point too, the price of gold will have to also go up if all in sustaining costs are above the price of gold else there will no incentive for any company to mine it.
It's Jimmy Connor, thanks for the comment! Yes, you raise a good point and this is why many mining companies have been underperforming. Price inflation along with increasingly complicated regulations has crushed margins.
Excellent info, thanks.
THE FUNNIEST THING IS THAT THEY TRY TO MAKE SHORTCUT WITH US TO GO AROUND ME😂
Need to be careful with the miners. Fuel costs are rising as are other costs. The gold price is only one side of the equation.
Why is Yellen in China again?
Bitcoin Cash chart looks like the 2014 to 2018 Bitcoin chart.
Priced at $630 a coin BCH has the same genesis block as BTC, same 21M total supply, same halvings and the same miners.
Bitcoin went from $600 a coin to $16,000 back in 2018.
Maybe holding a few BCH through the next cycles could deliver big returns.
If BCH follows BTC it could go from $600 to $70,000 a coin so maybe it's an 8 year retirement plan
It might not, but there is little risk in holding a few, just in case.
Call it insurance, like Gold but fast, cheap to use and accepted as payment by retailers
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I wish I bought some BTC!
how soon hyperinflation for u.s $?
It's Jimmy Connor, thanks for the comment/question Kevin! Marc didn't put a timeline on it he just said that it develops over many years but this is the beginning of ongoing inflation.
It's time for Gold and Miner's
buy silver. silver is breaking out.
It's Jimmy Connor, thanks for the comment/suggestion Rick but I only buy gold!!!!
"If the government is such low quality as it is" - LOL!
Chiang Mai has some of the worst air pollution on the globe and for the past few months, it's been the most polluted. Just today a report came out confirming the huge rise in deaths due to lung disease and cancer.
That's what I feel when I hold new bullions in my hands, short the government.
Once upon a time, in the West, there were competing theories concerning market valuations: the strong form hypothesis predicated that markets are pretty much instantly and fully discounted for all information in the public sphere. The accepted alternative allowed for the possibility of a more viscous diffusion of significant information (the semi-strong form). The third alternative was more or less discounted.
What now strikes me is just how slowly apprehensions take to permeate the minds of the mainstream market participants. There are a serious stack of hazards looking to fall over at pretty much the same time, from geopolitical tectonic shifts, resource constraints, kinetic conflicts within the framework of the greater World conflict, and, in the West, the progressive failures of the Governing and Intellectual classes, with particularly adverse effects on Government and Media credibility.
The limits of political apathy will be tested by food prices, and food scarcities. More diffuse may be the failure of pension systems, financial institutions, but such failures can be screened by Modern Monetary Practice, injecting funds directly into the failing Institutions.
The Fed is in Fiscal dominance for the most part and cannot help itself the question now is when is the calamity. Marc is a legend great guest.
Quack, quack, quack... the sky is always falling somewhere. 😮
It's Jimmy Connor, thanks for the comment! If there is someone else you would like to see on the channel please let me know.
i dont really have 40min to watch all this, i know gold will get to US$10,000 by 2030 im sure, but did faber say how low the DOW or SP500 will fall too ? is he expecting a 30% drop 80% drop? did he mention this?
Why no timestamps?
Manila 🇵🇭 🐊 🦈 🐍 is awesome ❤️
Manila is great !!!
@@gener8423 It's Jimmy Connor, thanks for the comment! Another place I have to check out!
It's Jimmy Connor, thanks for the comment! So many places and so little time but I definitely have to plan a trip to Asia.
IM NOT SURE IF THERE IS SO MUCH GOLD LEFT IN MARKET...!?
BUY BITCOIN ! Should be the title!
Thanks for the comment but we never discussed bitcoin! 😁😁😁
“with no intention coming back”
Poor Mark, looks like bridges have been burned with his family!😢
We print IOUs, not money. We coin money. Coined money never changes. Dow 18 ounces of gold in 1929 and 2024. The IOUs are the problem, printing DEBT, IOUs, not money. IOUs are not money. Dow $380 in 1929, Dow $38,000 in 2024. What is the difference between one IOU dollar and one trillion dollars in IOUs? Twelve keystrokes, dishonest measures, lies, fraud, a tragedy. Protect yourself. Own gold.
Brilliant and great info, thank you very much!
Interest in PM is low because young people today don't want o spend more than 5 minutes understanding finance and real money. Most don't have the wealth to invest in it anymore. Many depend on parents now to finance their buffoonery! Most of all your government has done very good job of propagandizing Gold as an ancient relic and to hold it is ridiculous for the average wage earner!
It's Jimmy Connor, thanks for the comment! You make a good point about the lack of interest from the Gen Zs. If its longer then 30 secs they dont want to watch it.
"The government in Canada is a disaster".
Yes I have experienced it first hand!
gold is an insurance not an investment.
Thanks for the comment and for taking the time to view our content!