🔴 This is Your LAST Buy Signal! GOLD & SILVER Prices Ready to Blow THROUGH THE ROOF - Marc Faber

요약 보기

Faber는 정부의 저금리·관세·AI 데이터센터 투자 붐이 인플레이션을 가속한다고 주장하며 금을 안전자산으로 추천한다. 금은 현재 약 4,400달러로, 장기적으로 4만~40만 달러까지 오를 수 있다고 언급한다. 다만 금이 다른 투자보다 항상 낫다고 단정하지는 않는다. 반면 AI 데이터센터·반도체 과잉공급으로 콜로설 버스트가 올 수 있으며, 미국 10년물 금리는 4.7%에서 6%까지 오를 수 있다고 본다. 금리 상승과 주식시장 안일함이 경제에 구조적 피해를 주며 중산층 구매력은 악화되고 있다고 진단한다.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. I have never expressed a price target for gold, but I could imagine that people will look back at gold at the present time it's around 4,400 and say we should have bought at the time some gold because now it's 40,000 or 400,000 who knows. Yeah, I think the direction is upward but I do not deny that other things may be better investments.

02. You understand? Mhm. As an investor, we have to wait and think what is the best investment and what is the safest investment and my view would be that gold is relatively safe safer than cryptocurrencies. Global financial markets are navigating severe monetary distortions as sovereign debt reaches historic highs and paper purchasing power continuously collapses.

03. In an economic environment dominated by aggressive currency delilution, allocating capital into tangible unencumbered assets has become vital for preserving generational wealth against mounting systemic fiscal shocks. Mark Faber, an acclaimed Swiss economist, veteran investor, and publisher of the gloom, boom, and doom report, emphasizes that physical bullion serves as an indispensable defensive shield against ongoing reckless governmental policies.

04. Although gold currently trades near $4,400, future market participants will likely look back in disbelief, predicting that precious metal valuations could realistically climb upward toward $40,000 or even $400,000. While alternative asset classes might generate temporary speculative gains, gold guarantees enduring safety that far outclasses volatile instruments like cryptocurrencies.

05. Storing physical bars across diversified international jurisdictions, protects personal capital against border restrictions and banking crisis. The broader trajectory points persistently higher as fiat currencies weaken my opinion about the price of precious metals and everything is that the government will create more and more inflation.

06. They will not admit it. But whatever measures they take at the present time, they want essentially to keep interest rates low. By trying to keep interest rates low, what is happening is that inflation will accelerate because interest rates are below. The cost of living increases and so inflation accelerates and the inflation also accelerates for two other reasons.

07. One, [clears throat] the tariffs are inflationary. There's no question about that. If you impose tariffs on on goods that come into a country, the tendency will be for prices to go up or to go up more than they would have otherwise gone up. And secondly, as you know, we have a capital spending boom driven by the AI uh revolution, the artificial intelligence with the construction of data centers.

08. And it has a tremendous multiplier effect, right? And it has an positive impact on demand. And so the demand for workers goes up and the demand for raw materials go up, right? The demand for copper goes up. The demand for both of precious metals, but mostly for copper. And that drives prices up in an environment where money is uh abundantly available,

09. right? You understand? If you wanted [clears throat] to cut down inflation or reduce the rate of price increases, you would have to pursue at the present time tight monetary policies. But this is not the case. Otherwise, if money was tight, the stock market wouldn't be making new highs. It would be down 20% from the highs,

10. right? Yeah, that totally makes sense. So, I think that actually the surprise, the negative surprise will be relatively high inflation rates and then there will be a bust, I mean a colossal bust because we are spending too much money on data centers. There'll be a glut of data centers and of semiconductors soon in the world.

11. The way there's a glut of cars in the world because the Chinese they can now produce cars entirely with the robots. I mean you don't need humans anymore. So there's no factor that restrains the production and there'll be a glut of everything and prices will come down. What do central banks do when prices come down?

12. They print even more money. Mhm. And I think the trend we had say I don't know when you born and when your viewers are born but assuming they're born in the 60s7s 80s everybody can see that prices in the long run are going up for real estate for services for food in the restaurant for food in the supermarket and so forth.

13. And these price increases in my opinion will actually increase and accelerate in the long run. [clears throat] Uh there may be times when as I said there's a crash and prices come down for a while and then the central banks will come in and print money like crazy. I have never expressed a price target for gold, but I could imagine that people will look back at gold at the present time it's around 4,400 and say we should have bought at the time some gold because now it's 40,000 or 400,000 who knows.

14. I think the direction is upward but I do not deny that other things may be better investments. You understand? Mhm. As an investor we have to wait and think what is the best investment and what is the safest investment and my view would be that gold is relatively safe safer than cryptocurrencies. But it has a disadvantage that if I I live in the north of Thailand, it's difficult for me to travel to the US with 10 kilo bars of gold in my pocket.

15. You understand custom officer, he's never seen a piece of gold. He will think this is a nuclear weapon or whatn not and arrest me. And then their custom officials will say that I'm a drug dealer or what not. There are disadvantages. But if you have your gold in diversified places, some in the US or Canada and some in Europe and some in Australia and some in China and some in Russia, maybe you're okay.

16. Government policies are secretly fueling runaway inflation by keeping interest rates pinned beneath the actual cost of living increases. Imposing broad trade tariffs compounds this pressure, driving import prices dramatically higher across the board. Simultaneously, the artificial intelligence boom is triggering massive capital spending on data centers, producing a powerful multiplier effect that rapidly elevates demand for raw copper, industrial labor, and basic materials.

17. Abundant liquidity keeps the stock market pushing new highs despite severe underlying imbalances. However, this speculative frenzy cannot endure indefinitely. Predictions indicate that this spending boom will deliver harsh inflation surprises followed by a colossal economic bust once overbuilt infrastructure and automated production flood markets with excessive supply.

18. When prices eventually fall during the crash, central banks will predictably step in and print money frantically. This ongoing intervention guarantees that living costs will permanently accelerate over the long horizon. Now, let's get back to the interview. I wrote extensively about the financial manas this summer and one of the features that I had forgotten to I mean I didn't forget but I didn't mention it in my first report is the emergence of fraud that uh a fraud can trigger sort of a a change in the mood of the of the investors or that uh very favorable earnings disappoint because they do not exceed the expectations of the investing public.

19. Say Broadcom the other day reported earnings that were stellar, stellar earnings, but the stock didn't go up. In other words, the expectations of investors is very high. And when the companies don't meet the expectations or do not exceed the expectation, the stock no longer goes up. I think this is a sign of a sort of breaking point.

20. Number two, the market is very unconcerned or shows a complete complacency towards the increase in interest rates. Now, as you know, interest rates in some countries were at zero or below zero in 2020. And in the US, the 10 years was at 0.57% at the low. Okay? And now the 10 years is at around 4.7%.

21. I think that the increase in interest rates will cause more damage and uh than has surfaced yet and that the long-term rates will continue to go up. I think I wouldn't be surprised to see the 10 years Treasury at say 6%. Mhm. And a lot of corporate bonds are yielding 5 and a half 6%. And mortgage rates are above 7%.

22. You understand? If you buy a house and it cost a million dollars and your interest payments are at 7%. There's $70,000 year dollars a year. There's a already considerable interest payment. Oh yeah. That people have to meet to buy the house. So the affordability has gone down. People would like to have a house but they can't afford it.

23. Mhm. And this is a problem and uh it's not going to go away. I think that the purchasing power of people has declined whereas official statistics actually show the real wages of the partners of Goldman Sachs are up and of the financial service industry and so forth uh because they are closest to the source of money printing

24. right but for most people workers the middle class and the lower classes in of society in my opinion has lost out. Uh we also have statistics about real incomes and we have statistics about how many people live paycheck to paycheck and this has all increased. So that people are really say the the earners of salaries are actually suffering.

25. But this is not only the case in the US. This is also the case in European countries in in democracies essentially in Japan they had interest rates around 0% for a long time and the cost of living in Japan also went up but statistically they didn't show it but I come from Switzerland in Switzerland they say that inflation is practically non-existent that's why we have the 10 years treasury in Switzerland I think is yielding like around 0.5%.

26. But actually Switzerland is the most or is among the five most expensive countries in the world. You understand? If there was no inflation whatsoever, the country would be inexpensive, right? But it's expensive. And that's why I always say the statistics, the economic statistics are all very difficult to compile to give the true picture of the economy.

27. And in my view, people look at GDP and they say that the economy is expanding and booming and this and that. But we have to look actually at is a society increasing its wealths on an individual level. Are are people better off? Are or are they struggling? And only if they're better off on average that that's the typical person is becoming wealthier and earning more and not just the 1% or 0.1%.

28. Uh this is uh the fact is simply in the world the wealth inequality has gone up a lot. Yeah. Because the people like me in the financial service industry they've been major beneficiaries of the asset inflation. Mhm. If we distinguish an asset inflation, which is a bull market in real estate, stocks, bonds, um, commodities and so forth, the the people that benefit from inflation, uh, they have become immensely rich as you know.

29. And other people, workers, they're left behind. Left behind. Yeah. No, it's really And in some cases, you know, sort of tragically, they live in small cities. There was a steel mill and then they closed the steel mill. There have no jobs. Financial markets remain strikingly complacent regarding the relentless surge in borrowing costs, even though rising yields are quietly inflicting profound structural damage across the entire economy.

30. The benchmark 10-year Treasury has already spiked from historical lows of 0.57% toward 4.7%. Predictions suggest that long-term yields will climb even further with the 10-year Treasury yield easily reaching 6% while corporate yields and residential mortgage rates hold well above 7%. Such elevated borrowing costs are completely devastating everyday affordability.

31. For ordinary families, attempting to purchase a standard home, servicing tens of thousands of dollars in annual interest alone makes ownership virtually impossible. Despite misleading official reports celebrating rising incomes, purchasing power is actively crumbling for the middle and lower classes.

32. Government economic statistics obscure this harsh reality. Masking the millions trapped living paycheck to paycheck across Western democracies. While elite financial institutions close to money printing thrive on asset inflation, salaried workers and abandoned industrial communities are left behind.

33. Aggregate GDP figures may project illusory expansion, but genuine economic stability requires typical citizens to experience real wealth accumulation. As mounting debt strains household budgets worldwide, systemic fissures will inevitably continue to deepen. .