Expert’s Central: Marc Faber still favors farms
- Image by Getty Images via Daylife
It looks like Marc Faber still favors investors buying farms, but this time around he indicates the rational of it is linked more to restlessness of a bad market leading to wars.
- Financial Industry will continue to suffer job cuts and it will shrink.
- We should get a counter trend rally from this latest drop
- Shorting Treasury is favored as treasury is at the end of a 27 year bull market.
- Investors should buy farm land.
“I’m a little bit careful about the outlook for gold for the rest of the year,” he said. “A countertrend rally could occur soon where stocks would suddenly rise quite substantially.”
The best bet for investors may be to buy a farm and escape from the cities, as a prolonged recession could lead to war, as the Great Depression did, said the Swiss national, who now lives in Thailand.
“Buy a farm and let your girlfriend work on the farm,” he said, to the applause of investors. “If the global economy doesn’t recover, usually people go to war.”
[Read the test at bloomberg here >>]
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