People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you.
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.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Love Mr. Faber; when he speaks I listen. I dont own mining stocks but I think one factor why they have not gone up is the steep increase in the cost of mining. Pity that question was not asked.30:49 You can tell he lives in Thailand Sawadi Kap!
Remember the theft of "Russian assets" from us international holders. I have an ex30,000 USD zombie pile of cadavers in my portfolio - now ask me: "Would you invest in Northamerica?" There is no rule of law in the US and Trudeau makes me run as well. You understand, it is not between people, it is the effing politicians. And buddy: It is "Sawadi kRap". You cannot hear it as the R is so very soft in Thai tongue like an L. But look it up and you see. Kop kun krap! ;-)
Outside of finance, Marc Faber is just such a fascinating character, and with an enormous sense of humor to boot. Imagine his property with a Thai wife in Chiang Mai. He better keep that wife happy, because the Thai property is solely in her name. The subject is money accumulation, but Faber knows laughter is central to a full life. What a funny and entertaining Buddha he is. I love listening to him.
Small retail metal stackers, like myself, buy when we have funds available. It's not based on price movements or economic forecasts. It's not related at all.
Jimmy Roger's is an AWFUL investor, he has been trading on his connection to Soros' Quantuum fund that was wound down almost 45 years ago. Jim Rogers has made lots of money on the conference circuit BUT if you'd taken Jim Roger's advice and bought his trademarked Roger's International Commodity Index net of expenses over a quarter century, since 1999. You would have annualized compounded returns of 2.5% BEFORE income taxes!
USA is lucky. USA can export dollars, unlimited dollars, infinite dollars. The world wants dollars. Gold is number two to dollars. What to do? Build your estate. Be diversified. Get 20% each in stocks, dollars, bonds, real estate, and gold. That is Marc Faber's view.
I could echo Marc's opening statement. I have my gold. And its price rise of late has really placed it too expensive to begin adding gold, esp. when silver is lagging and must...I repeat MUST go up. However! This latest price drop of $200 is just too tempting, so Friday I added some British sovereigns since I had some extra funds in US dollars which I don't want to hold more of than absolutely necessary for rainy days. Plus, gold MUST go up too!
IMHO gold is going up because of central bank buying, mining stocks are going nowhere because central banks are not interested in mining stocks. I think this will change (i.e. load up while you can)
😮buying mines means buying gold in the ground, they only get out in the long run. But cost increasing in mining or the state can take it away and you have less or nothing.😮
What was the median price of an automobile in 1970 in North America & Europe? Now, today what is the median price of an automobile in North America or Europe? What is the total appreciation? Then, mark it against the price/oz for gold. In 1970, I went grocery shopping, filled a buggy & 1/2 with pretty much what I still use. The quality may or may not have changed. The cost of my groceries, plus a cab-ride home with groceries, cost Cad$23. Today, a roast of beef, similar to what I bought in 1970, is now Cad$135, and I still must buy other groceries & dog food, the same as back then, costing me $600-$700, but I can't afford the $52 for the cab, so I drive. Relative to gold, am I better off to hold gold, or cash? The utility value of gold has proved far better than cash.
Pierre Trudeau Sr. our prime Minister Minister in the 70’s said "we have to tighten our belts "and was hated and chastised for it. Our present PM his son, who didn’t take after his father (I would say he took after his mother) hasn’t the cahoona’s to say anything the Israeli lobby doesn’t allow him to because they fund him . I once had great hope for this guy😢🇨🇦
With a new currency CBDC and a restart of business gold will no longer be of interest. In the new world it will be like gold in USA 1970 ... 35-300 USD this is more than 300 USD today but much less than 2700USD today.
Who is this interviewer? 'Have you heard that term - that you have to inflate your way out of debt'..... He's talking to Marc Faber! Ya, of course he's heard that! Jeez....Marc's patience, in addition to his smarts, experience and good humor are just great...
let the big companies pay their due taxes. Right now, their HQ are in Ireland, the Cayman Islands, or Bermuda. There they pay 3% maybe 12% of their profits in taxation. They are dodging their duty...
@@jameshansen1512 the government has done everything to bail out the bankrupt banks and businesses. It has taken trillions of dollars to save them. It is not reasonable that those corporations pay a little back of what has been given to them. How much is their duty is a matter for debate, but a normal working man pays 30% of his salary here in the EU to taxation. Plus taxes on everything you buy '(around 15%) Even WB says the rich must pay more, "my secretary pays more taxes than myself", so he has stated
For me the sentimism is changing with Gold stocks, more will jump on board when the miners rally matures - everyone loves a bull market trend. Physical Gold has just started a blow off bull market (wave 5 on Elliot) with about 4 more years to run. It's also running in parrallel with the stock market. It's my view the stock market is in the last 4 years of a 100 year bull market.
In some cultures eating together is an important part of family and social bonding. I miss that, but health is important. Food and diet is as touchy a subject as religion and politics. Better attraction than promotion.
Please don't use the word 'dip' like the crypto bros do. Gold isn't in a dip. It's the same price it was in mid-October. Gold is money. It doesn't 'dip.' It just reflects monetary supply.
When has the government EVER told the truth? 😅 I disagree with only one point Marc makes cutting government spending is hard.. Are you kidding! You could cut the federal government by 80%, and it would still be way too big. I would venture to say .80 cents of every dollar collected in taxes is wasted.
We normally can not use Gold&Silver as money. Only a few farmers possibly would sell something, but also they may not use this gold to buy much what they need. No supermarket or shop may take it. Exchanging gold or crypto into fiat may be banned soon in the new one world order of WEF&Co. Same with crypto. Where is the solution?
I was told history shows that the stock market and things of actual value like homes rise dramatically as fiat is printed and deficits are out of control like now. I was not born yet but history also shows us that before black Monday it was called the roaring 20's. it seem like as the dollar now is drastically falling in purchasing power it's obvious that the stock market would crash UP as well as the cost of housing. the real crash is inevitable it's just a question of when
Adding to gold with decline, but mostly in cash, awaiting the recession next year with perhaps a 30%+ stocks decline? Then I'm back in looking for bargains. Not for everyone, but I'm retired and being very cautious.
@@CosmicSeeker69😮Where the gold is stolen by the management? A distant transport of ore makes not much sense in many cases. Ivguess fraud is possible in any stage from ground to the terminal point of sales.
The company Stillwater Critical Minerals? It's market cap is 25million woth an In-Situ value of 8 Billion. I've never seen a company with this much upside.
Could the low mine value increase be a result of regulation, where gouverments demand a large portion of the harvested material directly for their own purpose? Inofficially harvested gold in gouverments hands? This is how I would do it if I was a gouverment sitting on mining rights and taxation rules.
I like Marc Faber. He is really an old wise man who understands how to live.
No you like bullshit
Marc Faber Rating: ⭐⭐⭐⭐⭐
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you.
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.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Everyone should be buying Gold on this dip. The election euphoria doesn't change the reality of debt, inflation, and the rot in the financial system
正確！！！
Yep also the momentum of BRICS+
India another 100 tonnes of gold repatriation from UK.
@MrPatrick1414 My thoughts exactly! The question is how much of a factor Trump is to the plans of the deep state...
@@bagel080 BRICS just playing along. The deep state is spearheading de-dollarization.
I know Faber since longtime. From the HongKong 🇭🇰 Time. Great person. Wonderful man. 🙏
Love Mr. Faber; when he speaks I listen. I dont own mining stocks but I think one factor why they have not gone up is the steep increase in the cost of mining. Pity that question was not asked.30:49 You can tell he lives in Thailand Sawadi Kap!
Remember the theft of "Russian assets" from us international holders. I have an ex30,000 USD zombie pile of cadavers in my portfolio - now ask me: "Would you invest in Northamerica?" There is no rule of law in the US and Trudeau makes me run as well. You understand, it is not between people, it is the effing politicians.
And buddy: It is "Sawadi kRap". You cannot hear it as the R is so very soft in Thai tongue like an L. But look it up and you see. Kop kun krap! ;-)
Marc Faber is the man I listen to.
Except on bitcoin
Outside of finance, Marc Faber is just such a fascinating character, and with an enormous sense of humor to boot. Imagine his property with a Thai wife in Chiang Mai. He better keep that wife happy, because the Thai property is solely in her name. The subject is money accumulation, but Faber knows laughter is central to a full life. What a funny and entertaining Buddha he is. I love listening to him.
Small retail metal stackers, like myself, buy when we have funds available. It's not based on price movements or economic forecasts. It's not related at all.
I’ve never heard anyone put it like that
Yes, but everyone likes a sale! Having said that, your strategy of buying steadily instead of trying to game the system will pay off, for sure!
Gold bull hasn't even started.
What a character , love his style and his chuckle, smart man❤🇨🇦
Always good to hear Mark talk.
Marc Faber is the GOAT❤❤❤❤❤❤❤❤
Faber is a top man & well worth listening to 👌
With Russia advertising of buying more Gold and Silver, what a gift for such a lower price 🙌
Its not a low price though?
and platinum, palladium, precious stones...
Gold/silver are that only money exist.!All rest are a dept!if you buy 1 Oz,that Will allvays be 1oz😂😂Bitcoin are like a f pyramidscam….
Gold is the only money you can trust; all else is credit.
Love listening to and Faber!! He’s funny and brilliant. 🎉
Marc is such a great guest absolute wealth of knowledge. Unlike say Jim Rogers who is from the same generation.
Jimmy Roger's is an AWFUL investor, he has been trading on his connection to Soros' Quantuum fund that was wound down almost 45 years ago. Jim Rogers has made lots of money on the conference circuit BUT if you'd taken Jim Roger's advice and bought his trademarked Roger's International Commodity Index net of expenses over a quarter century, since 1999. You would have annualized compounded returns of 2.5% BEFORE income taxes!
USA is lucky. USA can export dollars, unlimited dollars, infinite dollars. The world wants dollars. Gold is number two to dollars. What to do? Build your estate. Be diversified. Get 20% each in stocks, dollars, bonds, real estate, and gold. That is Marc Faber's view.
Wonderful interview between two savvy men. Stunning photography - kudos to the videographer!
I could echo Marc's opening statement. I have my gold. And its price rise of late has really placed it too expensive to begin adding gold, esp. when silver is lagging and must...I repeat MUST go up. However! This latest price drop of $200 is just too tempting, so Friday I added some British sovereigns since I had some extra funds in US dollars which I don't want to hold more of than absolutely necessary for rainy days. Plus, gold MUST go up too!
IMHO gold is going up because of central bank buying, mining stocks are going nowhere because central banks are not interested in mining stocks. I think this will change (i.e. load up while you can)
mining stocks if they increase divs
😮buying mines means buying gold in the ground, they only get out in the long run. But cost increasing in mining or the state can take it away and you have less or nothing.😮
Marc, you ARE "a young handsome boy" in your heart!!
I love your comment, emperor!
Gold $1620??? I think he meant to say $2620.
Great guest! One of those who knows the monetary system inside out.
What was the median price of an automobile in 1970 in North America & Europe? Now, today what is the median price of an automobile in North America or Europe? What is the total appreciation? Then, mark it against the price/oz for gold. In 1970, I went grocery shopping, filled a buggy & 1/2 with pretty much what I still use. The quality may or may not have changed. The cost of my groceries, plus a cab-ride home with groceries, cost Cad$23. Today, a roast of beef, similar to what I bought in 1970, is now Cad$135, and I still must buy other groceries & dog food, the same as back then, costing me $600-$700, but I can't afford the $52 for the cab, so I drive. Relative to gold, am I better off to hold gold, or cash? The utility value of gold has proved far better than cash.
I love this young handsome man... big fan of Marc....gift of god❤
A great interview (both questions and answers).
Marc Faber is so wise.
You found Gold when you got the appointment with Marc Faber 👍🏻🙂
Pierre Trudeau Sr. our prime Minister Minister in the 70’s said "we have to tighten our belts "and was hated and chastised for it. Our present PM his son, who didn’t take after his father (I would say he took after his mother) hasn’t the cahoona’s to say anything the Israeli lobby doesn’t allow him to because they fund him . I once had great hope for this guy😢🇨🇦
END THE FED. Gold is money.
How will gold do well in a technological age? I'm just looking for answers :D
Love Dr. Faber!!
Gold will never ever be below $2000 again be your own bank.
With a new currency CBDC and a restart of business gold will no longer be of interest. In the new world it will be like gold in USA 1970 ... 35-300 USD this is more than 300 USD today but much less than 2700USD today.
@@eduardstadtler3708 You got it all backwards 🤣🤣
@@eduardstadtler3708good luck with this investment thesis :-)
Would be helpful if u include date of recording right at top where we can see it
@@geneeverett33 recorded Monday 11th November 2024. Good idea. We will do that from now on.
Great stuff, unbelievable person, unique thinker!
The 10-year going up after two Fed rate cuts is really telling!
What a great guest speaker
Thanks for having Marc on the show , 10/10.
The miners are still lagging? -Australian miners have literally followed the gold price.
AWJ all the way!
Marc the best !!!!!
Great interview discussion
Could listen to Marc all day. He knows what's going on and doesn't try to Sell Anything.
great interview. congrats.
I love, love, love Marc Faber! He doesn’t have to tell us what is going on, BUT HE DOES! A real warrior!
Who is this interviewer? 'Have you heard that term - that you have to inflate your way out of debt'..... He's talking to Marc Faber! Ya, of course he's heard that! Jeez....Marc's patience, in addition to his smarts, experience and good humor are just great...
Marc Faber is awesome.
Thanks for the upload of this interview with Mr Faber
LEGEND
Cant help but love this guy
Great interview with a guest that has been around who sees things as they are.
好節目, 讚！
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia
Schweitzerdeutsch. Nice accent. Also red watch and ponytail.
現在是把全部資金買進金銀投資幣的時候了！同時賣掉所有股票和各類型債卷！
😮because economy is so bad in China and worldwide?
😮why should gold rise in a crisis?? There is no use for it.
In a recession less silver is needed. ???
中國大陸的基礎建設和綠能產業需要
非常天量的白銀原料, 尖端軍事工業需要天量的黃金.@@eduardstadtler3708
@@eduardstadtler3708美元要大重置, 即發行新美元（ 錨定黃金）以消除天量的舊債務！
great advice tnx !🎉
let the big companies pay their due taxes. Right now, their HQ are in Ireland, the Cayman Islands, or Bermuda. There they pay 3% maybe 12% of their profits in taxation. They are dodging their duty...
Even if all their wealth were confiscated it wouldn't begin to pay for government extravagances
@@animalsarebeautifulpeople3094 why always the extravagant word "confiscation"? Let them finally do their duty... that would mean a lot
@@MrYogi1212 how much is their duty? Why is government never required to decrease their spending?
@@jameshansen1512 the government has done everything to bail out the bankrupt banks and businesses. It has taken trillions of dollars to save them. It is not reasonable that those corporations pay a little back of what has been given to them. How much is their duty is a matter for debate, but a normal working man pays 30% of his salary here in the EU to taxation. Plus taxes on everything you buy '(around 15%) Even WB says the rich must pay more, "my secretary pays more taxes than myself", so he has stated
🗽Marc Faber... 👍👍
.
"I am young handsome boy" Marc never disappoints.
Is the entire market just a gambling casino and I am destined to lose regardless because the house always wins?
For me the sentimism is changing with Gold stocks, more will jump on board when the miners rally matures - everyone loves a bull market trend. Physical Gold has just started a blow off bull market (wave 5 on Elliot) with about 4 more years to run. It's also running in parrallel with the stock market. It's my view the stock market is in the last 4 years of a 100 year bull market.
Marc said he has already bought gold but would buy now if he hadn’t already bought. Rather different I feel.😢
In some cultures eating together is an important part of family and social bonding. I miss that, but health is important.
Food and diet is as touchy a subject as religion and politics.
Better attraction than promotion.
2008.....Dr Doom
Please don't use the word 'dip' like the crypto bros do. Gold isn't in a dip. It's the same price it was in mid-October. Gold is money. It doesn't 'dip.' It just reflects monetary supply.
Ah, but when is the bottom of the dip ?
Last 50 years in Asia? Wow!
Simply, live within your income. Buy pms as financial freedom/insurance.
Miners are not doing well because it's easier to short the Miners by the Bullion Bank, since there is no physical delivery !!
Wise man.!🎉🎉🎉
tariffs are another case of "money for nothing" - better to put human creative energy into increasing production not destroying it
I gree
😮😮What? The money taken for tariffs can be put in research and building up own production.
How about palladium?
Love Marc !!
I think Martin Armstrong's idea of a 'Debt to Equity' swap is intriguing...
Back in the late 60's, minimum wage was $0.90 Cd, TODAY it's $18.00 Cd.
A hamburger was $0.25 Cd. Today, it's $4.50 plus 15% HST.
Amen 82 so i know
Still 1/4 of your Wage
That's why I don't eat out. Make your own burgers, easy, and tastier. I've bought gold out of not eating out, you'd be amazed how much you save
Faber worked at Drexel, this broker was a big crook and gangster, then went under 😮
Wonderful to see a strapping Dr. Faber getting out to the venues once again. A hard-working man!❤
if BTC is money why they take US$ to give BTC.
When has the government EVER told the truth? 😅 I disagree with only one point Marc makes cutting government spending is hard.. Are you kidding! You could cut the federal government by 80%, and it would still be way too big. I would venture to say .80 cents of every dollar collected in taxes is wasted.
Can't wait to see the prices of gold and silver when the shorted positions are made to cover.
Hope Mario Maneco crosses paths with Dr Faber.😊
Yes, I wondered that. Mario had Marc as a guest way back...
We normally can not use Gold&Silver as money. Only a few farmers possibly would sell something, but also they may not use this gold to buy much what they need. No supermarket or shop may take it. Exchanging gold or crypto into fiat may be banned soon in the new one world order of WEF&Co.
Same with crypto.
Where is the solution?
The saying is "it always darkest before dawn", similarly, "gold bugs are always loudest before the bubble pops". It was a good run.
Miners aren’t moving up like in the past due to share dilution!!!!!
The host uttered too much words 🎉.
I was told history shows that the stock market and things of actual value like homes rise dramatically as fiat is printed and deficits are out of control like now. I was not born yet but history also shows us that before black Monday it was called the roaring 20's. it seem like as the dollar now is drastically falling in purchasing power it's obvious that the stock market would crash UP as well as the cost of housing. the real crash is inevitable it's just a question of when
Tariff money was used to help farmers.
I see a lot of bitcoiners here trying to shit of Marc. Why y'all here listening to him???
That’s because Marc’s a G!!!!
*Bitcoin (BTC) for decentralised money. Filecoin (FIL) for decentralised data. Both vital for humanity.
Adding to gold with decline, but mostly in cash, awaiting the recession next year with perhaps a 30%+ stocks decline? Then I'm back in looking for bargains. Not for everyone, but I'm retired and being very cautious.
Marc 👏👏👏
You can tell he has lived in Thailand... He gave a Thai Y at the end
The gold and silver miners aren't making a bigger profit and going up because when the mine closes at night, management steals everything in sight.
What do you mean?
You think that the orr is refined on site?
@@CosmicSeeker69😮Where the gold is stolen by the management? A distant transport of ore makes not much sense in many cases. Ivguess fraud is possible in any stage from ground to the terminal point of sales.
The company Stillwater Critical Minerals? It's market cap is 25million woth an In-Situ value of 8 Billion. I've never seen a company with this much upside.
Gold down 2 percent, and all these buy recommendations 16:22 😴
Could the low mine value increase be a result of regulation, where gouverments demand a large portion of the harvested material directly for their own purpose? Inofficially harvested gold in gouverments hands? This is how I would do it if I was a gouverment sitting on mining rights and taxation rules.
Tariffs will hurt the average Joe and Jane most.
Shooting your own foot. 😮
Where the F is 50k- 80k ounce of Gold! Like they said there would be.
why do miners sell gold to western countries that are manipulating the price??
Gold gets taxed at 28% in the US, bitcoin n stocks do not
Stocks down today, Tuesday