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Gloom, Boom & Doom Report editor Marc Faber explains why he is bearish on gold and other commodities.
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I think develops but our next guest -- -- keep things to say about all of these developments and not only does.
Doctor -- -- he's affectionately known.
Believe the US has a 100% chance of entering another recession he also says owned gold just don't keep it here because one day the federal come and take it from -- Mark -- joins us on the telephone now the editor of the gloom boom and doom report he's on the phone today from Thailand.
Pick up on that -- -- you can about gold and your thoughts on these days.
-- -- a huge strategy.
Probably around that but you know what actually speed train he too.
Last December.
And we have now over seventy probably -- And I think we need to correction here.
I am Merrill bearish about practically all -- the near term I think we and burying a correction time.
Where there will be -- -- the right thing where stock market.
From every and I can easily drop right -- That's really uninteresting comment that you just made now just -- expand upon a little bit and then.
And explain what you mean you say you're bearish on nearly all assets in the near term first of -- what's the near term.
And then how does this development and and when does that change side obviously now you just sit and cash I would think is what -- -- what you're saying but well.
I'm not part of the spend the cash.
What -- been good reason that bank would be -- But -- -- in general I think that people -- have a heavy exposure to aspect.
Being bad debt equate these or gold or other commodity.
I think -- it will base there.
-- -- -- -- And a 100% chance a 100% chance that the US centers another recession again.
And issued a question of timing and how that develops -- -- Well I think that some deeply the UA.
Actually EE ER IE its -- each -- that the US deeper into recession.
But of course we have to consider the following an economy.
If they have a very large bank though -- different sectors.
And bomb suspect they're very moving like I was being evacuate -- movie that the probably the improvement in housing.
-- back box have already gone up very that actually -- more than tripled from their low.
And though we are ahead of our spirit is like the Greek stock market from -- -- -- stopped more than 60%.
Sort read it percent correction may not -- -- you -- We always -- it.
Like to get your perspective from time to time we like that you call in and do so today on a Friday -- -- from from Thailand today so thanks to mark father is right.
