måndag 3 november 2008

Marc Faber says gold makes up biggest position of his holdings

INTERNATIONAL. Speaking on Bloomberg TV, Marc Faber the Swiss fund manager and Gloom Boom & Doom editor and publisher said US stocks have fallen too far and could rebound without however setting new records.

"We're extremely oversold at the present time," Faber said. "The market is in a position to rebound."

Faber said he is holding gold, cash and short-term bonds because inflation will increase as the US government lowers interest rates in an attempt to counter the economic slowdown.

"The governments in this world have no other option but to print money. That will lead down the road to inflation," Faber said. "

Faber, said stocks make up 7% to 8% of his holdings, with cash, bonds and his biggest position, gold, accounting for the rest.

Meanwhile, the CEO of Berkshire Hathaway, legendary investor Warren Buffett, revealed last week that his current portfolio is almost entirely made up of US stocks because of the "fearful" market has pushed stock prices down.

Buffett said he has been buying into US companies even as "fear spreads".

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måndag 3 november 2008

Marc Faber says gold makes up biggest position of his holdings

INTERNATIONAL. Speaking on Bloomberg TV, Marc Faber the Swiss fund manager and Gloom Boom & Doom editor and publisher said US stocks have fallen too far and could rebound without however setting new records.

"We're extremely oversold at the present time," Faber said. "The market is in a position to rebound."

Faber said he is holding gold, cash and short-term bonds because inflation will increase as the US government lowers interest rates in an attempt to counter the economic slowdown.

"The governments in this world have no other option but to print money. That will lead down the road to inflation," Faber said. "

Faber, said stocks make up 7% to 8% of his holdings, with cash, bonds and his biggest position, gold, accounting for the rest.

Meanwhile, the CEO of Berkshire Hathaway, legendary investor Warren Buffett, revealed last week that his current portfolio is almost entirely made up of US stocks because of the "fearful" market has pushed stock prices down.

Buffett said he has been buying into US companies even as "fear spreads".

Artikel från här.

Inga kommentarer: