08.09.2015 - Dr Doom: there's no safe asset in the world but…
Marc Faber believes there is no safe asset class at the moment, although he thinks the mining sector now looks interesting. 'I think that because of modern central banking and repeated monetary policy interventions there is no safe asset anymore,' the author of the Gloom, Boom & Doom report told Bloomberg. ‘When I grew up in the 1950s it was safe to put your money in the bank on deposit, the yields were low but it was safe. [But] nowadays you don’t know what will happen next in terms of purchasing power of money, but what we do know is it’s going down.’ However, following the huge sell off in commodities, Faber believes there is in opportunity in the mining sector...............................................Full Article: Source
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