December 14, 2011

Marc Faber outlook for the next 5 years

I don’t know how the world will look in a five years’ time; we may have another recession or depression. We may have to deal with high inflation. The bond market and the equity market may break. We don’t know how the world will look like in the next five years because we are not dealing any longer with free markets but with markets that are distorted by continuous intervention by the government. So, making any prediction is very difficult. My advice would be to diversify 25 per cent of your assists in real estate, 25 per cent in equities and 25 per cent in cash and bonds and 25 per cent in precious metals. - in NDTV

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.