Dr. Doom Gets Some Hearty Laughs (Daily Reckoning)
Tuesday June 25th, 2013
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.'