{"id":247,"date":"2010-04-28T12:11:57","date_gmt":"2010-04-28T19:11:57","guid":{"rendered":"http:\/\/goldcoinsrare.com\/?p=247"},"modified":"2010-04-28T12:11:57","modified_gmt":"2010-04-28T19:11:57","slug":"dr-marc-faber-on-cnbc","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/dr-marc-faber-on-cnbc\/","title":{"rendered":"Dr. Marc Faber on CNBC"},"content":{"rendered":"

Dr. Marc Faber was recently seen on CNBC in a piece they called \u00e2\u20ac\u0153Governments will Bankrupt Us.\u00e2\u20ac\u009d\u00c2\u00a0 Dr. Faber is editor and publisher of The Gloom, Boom and Doom Report and is a frequent contributor to CNBC.\u00c2\u00a0 He states that he is extremely bearish<\/a> on the world.\u00c2\u00a0 The governments around the world are taking over in conjunction with inflating the monetary supply<\/a>.\u00c2\u00a0 The printing of money is a temporary patch to the economy which is giving us a bull market in stocks.<\/p>\n

He further states that the bull market in stocks will continue for a while due to all of the stimulus, but in the end will ultimately bankrupt the sovereign nations.\u00c2\u00a0 “If you print money like in Zimbabwe… the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war,” he added.<\/p>\n

Dr. Faber says that instead of holding cash people should gradually accumulate physical gold and silver.\u00c2\u00a0 “Paper money will go down relative to precious metals<\/a>. So in that environment, I think you…should all accumulate some gold.”<\/p>\n

This is what I have been telling people all along.\u00c2\u00a0 Whether the world collapses or not, everyone should own physical gold.\u00c2\u00a0 Gold protects people from the effects of inflation and hyperinflation.\u00c2\u00a0 Currencies, especially fiat currencies, fail.\u00c2\u00a0 It is a matter of time before the U.S. Dollar will suffer the same fate.\u00c2\u00a0 Dr. Faber is sometimes dubbed Dr. Doom, but he points to things that we should all be concerned about\u00e2\u20ac\u00a6 Money Printing!<\/p>\n

We have watched nation after nation throughout history take on this strategy and it always eventually ends in failure.\u00c2\u00a0 Look at Germany from 1919 to 1923.\u00c2\u00a0 The government was printing money like crazy.\u00c2\u00a0 In 1919 one ounce of gold was worth 170 Deutsche Marks.\u00c2\u00a0 By the end of it all in November of 1923 one ounce of gold was worth 87 trillion Deutsche Marks.\u00c2\u00a0 So if you buried an ounce of gold and 170 Marks in 1919 by 1923 your gold would have maintained its purchasing power and your Marks would be worthless.<\/p>\n

This type of money printing is disastrous for people with savings, and the U.S. government has increased the money supply by 2.5 times in the past 18 months.\u00c2\u00a0 Buying gold is a great strategy to protect what you have spent years accumulating.\u00c2\u00a0 If you do not own any start accumulating before it is too late.\u00c2\u00a0 Get in while gold is still cheap.<\/p>\n

http:\/\/www.cnbc.com\/id\/36704832\/Governments_Will_Bankrupt_Us_Marc_Faber<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dr. Marc Faber was recently seen on CNBC in a piece they called \u00e2\u20ac\u0153Governments will Bankrupt Us.\u00e2\u20ac\u009d\u00c2\u00a0 Dr. Faber is editor […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[27,83,86],"class_list":["post-247","post","type-post","status-publish","format-standard","hentry","category-blog","tag-american-economy","tag-inflation","tag-invest-in-gold"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=247"}],"version-history":[{"count":0,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}