Dr. Doom Gets Some Hearty LaughsMarc Faber takes on the Fed's propagandists and gold bears
Jun. 25, 2013
WATCH: Sudanese Muslim Refugee Shot After Beating Woman, Cop With Stick -- Media Ignores
Joe Biden: Whites Becoming a Minority in America is a "Source of Our Strength"
Taiwan: Rare Pokemon Triggers Stampede in Taipei
UPI Poll: Trump and Clinton Virtually Tied
Hillary Clinton Rakes in Cash From Hollywood Bigwig Haim Saban & More at $100k Ticket Dinner
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.'