Dr. Doom Gets Some Hearty Laughs
Marc Faber takes on the Fed’s propagandists and gold bears
Dr.
Marc Faber, the Swiss fund manager and publisher of the ‘Gloom,
Boom and Doom Report’ always enjoys educating the Wall St. talking
heads. In this interview one asked if Bernanke meant what he said
about tapering, Faber roared! He said: ‘”If you say that if he means
what he says, then you believe in Father Christmas. He said if the
economy does not meet the expectations of the Fed in one year’s
time, they will consider additional measures. In other words, if
the economy has not fully recovered by mid-2014, more QE will be
forthcoming. As I said already three years ago, we are going to
go with the Fed to QE99.”
When
asked about the price of gold, Faber stated: ‘Well, I think we will
be higher by year end but I am not worried where we are. I have
said that I buy gold regularly. I just bought today at $1300 and
I will buy more at $1200 and I will buy more at $1100.’
June
24, 2013
Dr.
Marc Faber [send him
mail] lives in Chiangmai, Thailand and is the author of Tomorrow’s
Gold.
Copyright
© 2013 Daily Reckoning
This article originally appeared on: Lew Rockwell