Sunday, June 2, 2013

Marc Faber: "People With Financial Assets Are All Doomed"

Throughout history, growing wealth inequality has been corrected either peacefully, through taxation and wealth redistribution, or by revolution, as in Russia.


I want to have some assets that aren't in the banking system.

When the asset bubble bursts, financial assets will be particularly vulnerable.

Gold is easier to carry than a Lamborghini.