Marc also made some important points on the rise of Asia and emerging market nations at a recent investment forum in Seoul. Here are a few highlights:
"The outlook for emerging markets is “far more optimistic” than for developed economies as growth picks up, said investor Marc Faber, who advised investors to buy gold before its eight-year rally.
“We are living through major changes in the world,” said Faber, the publisher of the Gloom, Boom and Doom report. Emerging markets such as China are becoming more significant to the global economy, and “I don’t think this will be reversed,” he said today at an AsianInvestor magazine forum in Seoul."Check out the full Bloomberg article at the link above, or in our related articles footnotes below.
Related articles and posts:
1. Emerging markets outlook 'optimistic': Faber - Bloomberg.
2. Marc Faber Bloomberg TV interview (April '09) - Finance Trends.
3. Marc Faber thinks markets could rally - Finance Trends.