But for Faber there’s another key reason gold hasn’t been able to soar. “World speculators are more involved in bitcoin and other cryptocurrencies than in precious metals…it shows the precious metals are rather controlled by so-called strong hands,” he said. “The public is kind of disinterested in precious metals. Another former Bitcoin skeptic has added his name to the list of “Bitcoin converts.” Thai-based stock market investor Marc Faber revealed in an interview with Cash that he had bought Bitcoins “for the first time 10 days ago” so that he could learn more about the young but evolving crypto ecosystem. “Bitcoin and other cryptocurrencies have one advantage. If a person has 100 kg of gold, moving it can every difficult. But, with bitcoin, you can buy it in China, liquidate in [another country.] That might be the reason why cryptocurrencies have performed so well,” Faber said. Marc Faber said markets in Asia is far cheaper than the US, and if we just do a comparison of US markets with the rest of the world, it is at the highest level ever. Apr 25, 2017 03:56 PM IST Marc Faber may not be revered for his views on racial equality. But when it comes to investing, he’s up there with Warren Buffet — as far as successful track records go. Unlike the other aging investor who dismisses Bitcoin as a ‘rat poison squared,’ Faber finally bought his first chunk of the world’s number one cryptocurrency.
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Marc Faber in the latest Squawkonomics interview talks about Bitcoin IPOs in Developing Countries, and Developing Countries Usage of Bitcoin. Marc also talks about Buying Houses with Gold in Vietnam. Follow us on Twitter @squawkonomics Keith Hilden of Squawkonomics asks Marc Faber if he would pick Bitcoin or Gold- with surprising insight. Marc Faber is a ... October 2020 - Marc Faber is a Swiss investor based who resides in Thailand and the publisher of the Gloom Boom & Doom Report newsletter, also acting as inve... http://www.portfoliowealthglobal.com/Faber MUST-READ FOR INVESTORS: https://www.portfoliowealthglobal.com/attack/ https://www.portfoliowealthglobal.com/bear/... With Guest Marc Faber The Income Generation With David J. Scranton ***Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Informatio...