March 07, 2012

Marc Faber: Buy Gold. Israel-Iran War Imminent

Investors should buy equity and gold as the only relatively good way to hedge against political risk and Middle Easy and a war between Iran and Israel said the Swiss money manager and long-term bear Marc Faber.
“I think sooner or later, the U.S. or Israel will strike Iran—it's almost inevitable" Faber, who publishes the widely read Gloom Boom and Doom Report, told Reuters on the sidelines of an investment conference.
If war breaks out in the Middle East, Bernanke will print more money as there will be no other option.
They need to finance a war. Because war doesn’t destroy corporations it is a good way to hedge.
Of course, investors must be able to live with volatility and must have cash.
"The Americans and the western powers know very well they cannot contain China economically... but one way to contain China is to switch on and switch off the oil tap from the Middle East," he said.

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.