'Buy farmland and gold,' advises Dr Doom

I wonder dose this man know something is going to happen soon is this Marc Faber a reliable source i have never heard of him so i don't know.

The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.
The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers.
Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom.

It's pretty chilling he went on to say.

“The next war will be a dirty war,” he told fund managers: "What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned?”

LINKbusiness.timesonline.co.uk...
So what do you think is hard times just around the corner

reply to post by mars1


There are 3 well known so called Doom'ers.

Faber is at the extreme

Celente is not quite as bad

Schiff is more calmer, but called a Doomer.

All three have their following.

They are right enough of the time to have followings , by the way.

reply to post by Sean48


Thanks for that Sean i have heard of Celente and Schiff but not Faber that's why i asked if he's reliable if he is this can not be good.
The problem i have is they keep telling us how well the recovery is going here in UK but all i see on the news is more job loss and bad data but the markets keep rising well markets not rising today but they have been even with bad news they rise strange.

THANKYOU

Found a video with Marc Faber this is from 1st September last year.
Mark Faber Outlines the Final End Scenario

He makes sence to me what do you think could he be right.

THANKYOU

reply to post by mars1


We are seeing the praising of a "jobless" recovery as well here in the United States. Unemployment numbers keeps rising and today there is a posting on Drudge about the coming "mass" layoffs.

We are all being fed a load of crap with a silver spoon. I personally have been purchasing gold, and storing up non-perishable food supplies.

If, and I mean "if" it all comes crashing down, my family will be fed, my friends will be fed.

If we're all wrong and this will pan out in the end and be ok, then at least I will be at peace that I was willing to do something to prepare for my family.

Nice scoop on this. I just saw it on Google news and came rushing to ATS to post.

I don't consider myself a Doomer, but I've been known to think along those lines. I don't have a basement full of canned salmon, but I do have my stashes. The wife doesn't buy into anything other than the typical US consumer life, so I have to hide my activities under the guise of a "well stocked pantry".

Looks like it's time to get that gravity water filter.

reply to post by WickettheRabbit


Man I’m with ya on the wife not getting it. I to must sock up under the radar to avoid the ridicule. But one must do what they feel is right for the protection and survival of there family at any cost.
On topic. Great find OP. star for you.

reply to post by murfdog


how would one buy gold and where would i go ?
Is it in coin form ?

Haha ...............Americans can barely afford their mortgages and to pay their bills yet some how they are going to be able to buy farmland?

It's easy to say do this or do that...........but going out and dropping thousdands of dollars on productive farmland is pretty impractical for most Americans at this point in time. And considering the USDA is one of the most corrupt and tyrannical branches of government just what do you expect these newly created "farmers" to do on their land? Farmers already have it bad enough in America with corporate take overs and government bureaucracy. I'd love to go out and buy an acre or two of land.......but I'm too busy working paying my taxes and being a good little American stooge.

As much as I like Faber, Celente, and Schiff they are ALL out of touch with middle class Americans as they are all multimillionaires themselves. Of course they and others like them can go out and drop money on farmland and gold.

[edit on 2-3-2010 by Zosynspiracy]

I have about 2 acres, disaster supplies and silver.
Just keepin it simple folks.

Zosynspiracy:
It's easy to say do this or do that...........but going out and dropping thousdands of dollars on productive farmland is pretty impractical for most Americans at this point in time.

Z,
In the old days, they used to have gardens in the back yard (no matter what size). As far as buy gold, we'll I think you'll get more bang for your buck w/silver.

reply to post by thecrow001


To Thecrow001,
I’m not the one to be asking for financial advice, but you can locate gold and silver dealers promoted by the likes of Glenn Beck and G. Gordon Liddy via there web sites. That would be a good start and be sure to read about gold and precious metals investing before you buy.

reply to post by murfdog


I will do.

Thanks for replying anyway.
cant hurt having abit of gold and silver in coins can it really.

reply to post by thecrow001


Agreed. As in any portfolio (even a survival portfolio) one should be diversified.

I'm surprised I thought this thread died on the 24th the same day I put it up.

As for buying gold and farmland I think thats for the rich who else as got money not many.

I have plenty of food to last a while but thats it if the crash comes about let it crash nothing we can do about that.

It's the dirty war bit I don't like but I think he means prepare for these things not that they will happen.

THANKYOU

I see one glaring problem with gold.

I have elaborated on this elsewhere so I won't provide links to back this up, but a bit of cursory googling should provide any proof for skeptics.

Basically put, when most people "invest in gold," they are investing in "paper gold" (or more likely "electronic gold"). There is strong evidence to suggest that there much more "paper gold" floating around than there is physical gold that backs it up. If you log on to a trading platform and "buy gold," do you REALLY think somewhere there is a numbered ingot with your name on it? If so, I have a bridge in brooklyn to sell you...

Fiat currency (i.e., money) was origianlly backed by gold. Eventually the temptation to print more cash than gold to back it up became irresistable. Soon you had lots of paper currency floating around supposedly backed by gold, but there was much less physical gold than currency.

When people have recently demaded delivery of physical gold they have invested in online or through ETFs, etc., they are increasingly met with resistance. They are given gold with different serial numbers, or sometimes even "fake gold": Tungsten cores coated with a thin outer layer of gold. Can you tell the difference between 18-carat gold and and 24-carat gold on sight? Very few can. It takes a lot of practive. Its easy to pass the former off as the latter.

So, if you own physical gold, it is theoretically given the same market value as "electronic" or "paper" gold certificates of deposit, etc. Yet the former is much rarer than the latter. This is a massive problem becaue if you sell physical gold you will get the same amount of cash as if you sell electronic/paper gold. Yet the former is rarer than the latter, and hence, according to basic supply and demand, it should be worth much more.

So, in a sense, people who have the intelligence to invest in actual physical gold are being massively ripped off by the so-called "global electronic gold trading market." This charade can only continue for so long before people lose confidence in the non-physical "gold" and start demanding the real thing. But the markets can remain irrational a lot longer than an investor will remain solvent. How many physical gold owners will be forced by economic necessity to sell their valuable product for vastly underrated amounts of money before physical gold finally skyrockets in value.

Be very wary.

reply to post by silent thunder


Yes, if I were buying gold for a hedge against inflation or as a alternate currency in a shtf situation than obviously it should be physical gold or silver. When buying physical gold you most likely will be paying over spot price for it for that day. But we are not looking to get rich quick hear. We are buying for a life jacket of sorts hopefully this will be a long term investment.
Now if we are going to become speculators than I say go for broke. Open a Forex account at PGF Best or a commodity broker listed with the Chicago board of trade and buy a contract of paper gold on margin.

The proof is in the pudding as they say.

If Comex price manipulations were able to contain the price of Gold , it wouldn't have been the best performing asset class across the past decade...beating returns on stocks , bonds , cash , and the general commodities complex.

When the algo-driven funds and small specs run for the hills on each cartel inspired sell-off...ask yourself who's accumulating at bargain prices ?

Comex delivery notices tell us who the big stoppers are (buyers).

Paraphrasing a well known market analyst:

When tempted to throw your Gold positions away at this juncture of the bull market , peek in the bottom of the dumpster....you'll find the same price manipulators (commercial banking cartel) waiting with open arms

Nobody is more aware of the long-term fundamentals supporting a higher POG than JPM - HSBC - GS - UBS et al , and their elite top tier clients. I can either trade with 'em , or against 'em.

Investor Gold exposure = mileage may vary.

Not advise.

Originally posted by Zosynspiracy
Haha ...............Americans can barely afford their mortgages and to pay their bills yet some how they are going to be able to buy farmland?

There are 300 million Americans, all with diffierent situations. Do not assume that aggregate statistics apply to every individual.

There are still plenty of canny Americans with savings and foresight. Its easy to lose sight of this give the sheer number of idiotic Americans and the constant decade-long drumbeat of anti-americanism on the Internet.

Obviously suggestions of way in which to prepare for a disaster are relevant to the more intelligent, foreward-looking, and thoughtful in any nation, which will always be a minority. Minority though it may be, it is still a non-zero number.

One look at Greece and I think we can safely assume which major American financial institutions are responsible for driving-up US sovereign CDS spreads.

Here we have another indication of waning investor confidence in fiat currencies with startling implications for the POG.

Huffington Post

Washington Must Ban U.S. Credit Derivatives as Traders Demand Gold

Janet Tavakoli President, Tavakoli Structured Finance, Inc.
Posted: March 8, 2010

Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these "financial weapons of mass destruction" levy heavy casualties. These obligations now settle in euros, but the end game is to settle them in gold. This is so ripe for speculative manipulation that you might as well cover the U.S. map with a bull's-eye....

Speculators Want U.S. CDS Payoffs in Gold

Remember AIG? When prices moved against AIG on its credit default swap contracts, AIG owed cash (collateral) to its trading partners. AIG paid billions of dollars and owed billions more when U.S. taxpayers bailed it out in September 2008.

U.S. credit default swaps currently trade in euros. After all, if the U.S. defaults, who will want payment in devalued U.S. dollars? The euro recently weakened relative to the dollar, and market participants are calling for contracts that require payment in gold. If they get their way, speculators on the winning side of a price move will demand collateral paid in gold.

The market can create an unlimited number of these contracts very rapidly. The U.S. wouldn't have to ever default to trigger a major disruption in the gold market. Spreads (or prices) on the credit default swaps could simply move based on "news," and demand for gold would soar.

Full Text

Throughout the 80's under Reagan, we, the united states, were THE largest issuers of crediters, now we are THE largest debt collectors. How did this happen??? The only 2 answers i think, are directly linked to wall street, and the military industrial complex, that including the pentagon. Wallstreet, including the corporations.
Now, once agian, the big $10,000 question...WHEN do any of these guys, or reputable economic anylists, predicting or know for a fact, the day of reckoning is coming...when