Dr Marc Faber of the Gloom, Boom and Doom Report recently was on Bloomberg (video below) stating that while the US dollar may be oversold in the short term, in the long run, over say 10 years, it will go to zero .ie. be worthless. On price deflation versus inflation he thinks we could get both concurrently.
Cash and US treasury bonds will be the big losers, while gold and commodities will be winners and stocks will also do better than cash.
Faber said Bernanke can be relied upon to continue to print money to prop up the stock market.
However we say, remember you can still lose money in real terms (measured against gold) as stocks rise. Choose them carefully and measure your returns against golds rise. You should do the same with property. Read this new article by J.S. Kim exclusive to GoldSurvivalGuide for more on how to track this by following Central Bank interest rates:
The Current Stage of the New Zealand Real Estate Cycle
http://www.youtube.com/watch?v=qd1WCcoDsvM
Glenn's dedication to educating individuals on wealth protection through precious metals has helped over 2400 clients from New Zealand, Australia, USA and Europe to safeguard their financial futures. Passionate about financial independence and lifestyle freedom, Glenn’s mission is to empower others with the knowledge and tools to thrive in today’s volatile economic environment. When he's not advising on precious metals, Glenn enjoys spending time with his family and pursuing outdoor adventures.
Education: University of Auckland Bachelor of Science
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