faber-how-investors-can-beat-hyperinflation

Faber: How investors can beat hyper-inflation

Commentator Marc Faber says investors could benefit from sky-high asset prices as the US stokes inflation.
September 23, 2007
In a typically bearish appraisal, author of the Gloom Boom and Doom Report Marc Faber advised investors on the last day of the CLSA Hong Kong forum on Friday to stock up on physical gold and rural real estate ahead of possible global conflicts and US stagflation inflation without growth, last seen in the 1970s.

Faber sees the US as a consumption giant unable or unwilling to make capital investments, with third-world infrastructure, and a tendency to binge on consumer goods actually produced by other people. He estimates the US GDP has shrunk from a 32% share of the world's GDP in 2000 to just 28% this year. He believes the rise of the Asian...
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