Faber: The market may rise by 20% before the crash

Marc Faber, publisher of The Gloom, Boom & Doom Report, and known " bearish " investor attitudes, told CNBC, that massive speculative bubble of emergency liquidity is hanging over everything - from stocks and bonds to agricultural land and the virtual currency Bitcoin.

Faber says that the markets have reached record levels can rise even before the bubble burst , if you continue the program of the Federal Reserve massive bond purchases , as well as ultra-low interest rates.

"The market may rise by 20 % before the crash. Maybe more if you continue printing money, "said Faber.

He cautions investors that may see disappointing stock returns over the long term.
"Agricultural land has appreciated ten times in the last 10 years, and Bitcoin are up and who knows what are the limits," says Faber.


In recent interviews he predicted that European stocks will perform better than those of the U.S. and emerging markets.


Faber also believes that the credit boom in China puts the world in a worse situation than before the global financial crisis in 2008.

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.

Mark Faber Fears "Stocks Could Be Dead Money For A While" But "Gold Has Bottomed"

"Since September 2011's $1921 peak, gold has been in correction mode," Mark Faber tells Barrons in this brief clip, but the overhwleminly bearish sentiment combined with the major accumulation (most notably by China) means "gold prices have probably bottomed," and some gold mining stocks are well positioned. While Faber has recently expressed concern at the potential for a major correction in stocks, he notes that there are pockets of value worth investigating including European Telcos and Indo-China travel-related stocks. However, the Gloom, Boom & Doom report writer warns that "stocks could be dead money for a while."

On Gold and Gold Miners:

Gold peaked at $1,921 an ounce in September 2011. Since then, it has been in a correction mode. Sentiment is bearish, but some countries are accumulating gold, notably China, which will buy an estimated 2,600 tons this year, exceeding annual production. Prices probably are bottoming.

Gold-mining shares aren't expensive either, although many exploration companies won't make it. If you buy the miners, look for companies that have raised capital already or have sufficient reserves. They are best-positioned to survive the next few years if there is no upturn in the gold price.

Full Barrons' Interview below:



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.

Faber: Apple could face bankruptcy

The famous investor Marc Faber believes that Apple is a problem the company that makes many " frivolous " products and therefore may be directed towards bankruptcy.

" Apple shares are those you are not interested ," Faber said in an interview quoted by Business Insider. " I'm not saying that they will sink , but may get there eventually ," said another prominent investor.

According to Marc Faber eventual fate of Apple has a similar example from the past.

" It's like a Polaroid of the 70s . Eventually she , like Apple, has been founded and led by renowned innovator who eventually left her," recalls Faber.

"Dr. Edwin Land, who is the founder of Polaroid, was the owner of more patents than any other in the world," said Marc Faber.

1982 Land left his seat on the Board of Directors of Polaroid, and subsequently dropped from his research position at the company. In 2001 and famous for its production of sunglasses company filed for bankruptcy protection and continue to sell its assets.

At present, Apple certainly is a far cry from the fate of Polaroid. The technology giant has current assets of $ 43 billion. Her only income in the second quarter of 2013 even reached $ 35 billion.

Faber argues that the technology industry is full of " tombstones " of ekspazarni leaders. "We and many other examples of high-tech companies that simply disappeared," said the investor.

According to Faber biggest issue of Apple is that its products are not suited to human needs.

" It's just a company that produces toys for grown-ups," said popular investor.

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.