저자: MarcFaber · 외국인
요약 보기
Faber는 1980~2000년 금·은 가격 하락기에 매달 금을 매집했다고 밝히며, 법정통화 구매력 하락으로 금·은·백금이 장기적으로 상대적 가치를 유지할 것이라고 주장한다. 중앙은행·정부의 부채 문제로 인플레이션 구조가 지속된다고 본다. 단기적으로는 금이 유동성 제약으로 하락할 수 있다고 예상하며, 현금·국채는 가장 외면받는 자산이라고 평가한다. 자산 분산, 해외 계좌 접근성, 태국 주식시장의 저평가를 언급한다.
다듬은 글
There was a price increase in 1980 and 2000. There was price inflation, but the price of gold fell and so did the price of silver . And it became very cheap in the mid-1990s and late 1990s. And during that entire period of time, I accumulated gold. I mean, not gigantic amounts because I didn't have that much money, but every month I bought some gold.
And my opinion was simply that, over time, the purchasing power of money decreases. Hard assets like gold and perhaps some cryptocurrencies, I have my doubts about, but gold, silver and platinum, I think will remain more or less stable in value, while paper money falls. So, expressed in paper money in dollars, the price of gold will rise in the long term.
One small favor before we begin. If this video helps you in any way, please like and share it with a friend. These small actions tell YouTube that people are enjoying the video, which helps it reach more viewers. Gold and silver have not always risen during inflation. This raises an important question for many investors.
If prices rise, why might precious metals fall ? According to Mark Faber, the answer is to look beyond short-term market movements. Faber explains that between 1980 and 2000 there was price inflation, but gold and silver prices fell. In the mid-to-late 1990s, these metals had become very cheap. Instead of seeing that weakness as a warning sign, he treated it as an opportunity and continued to accumulate gold every month.
His main opinion is that the purchasing power of paper money decreases over time. Hard assets like gold, silver, and platinum can maintain a more stable value while currencies weaken. In dollar terms, he believes gold will rise in the long term. hit the bell. Thank you and enjoy the video. I've been buying gold for the past 40 years, since the mid- 80s, because I joined Drexel Burnham in '78, in the midst of a huge commodities boom, and at that time I was running Drexel's Hong Kong office.
My job essentially consisted of getting clients to trade through Drexel with stocks, bonds, commodities, anything that would make money for Drexel Burnham and, hopefully, for the clients . But at that time there was a gigantic precious metals bubble in the world driven in part by the Hunt brothers and Mr.
Ashraf in Dubai . I had explained to the Hunts that the silver market could be squeezed quite easily, and this happened in 1979 and 1980. And then gold went quiet during the stock market frenzy of the 1980s and 1990s and beyond. And of course, it became very cheap in the late 1990s, below $300, because there were price increases between 1980 and 2000.
There was price inflation, but the price of gold fell, and so did silver . And it became very cheap in the mid-90s and late 90s. And during that whole period of time, I accumulated gold. I'm not talking about gigantic amounts because I didn't have that much money, but every month I bought some gold and my opinion was simply that over time the purchasing power of money decreases.
In other words, hard assets like gold and perhaps some cryptocurrencies. I have my doubts about that. But I believe that gold, silver, and platinum will continue to have a stable value, while paper money declines. So, expressed in paper money in dollars, the price of gold will rise in the long term.
But as you know, gold had a good movement and, if I compare the price of gold with that of sugar, wheat, corn and soybeans, gold is relatively high and the price of gold is relatively high compared to that of oil. For capital gains, oil might be better right now . But my opinion is that the regulators, that is, the central banks and governments, do not want an honest monetary system because the level of debt is such that it requires printing money.
They can do something about it . Let's say a politician in the United States could get ahead of the elections and say, "Look, we raised our living standards for several years and that's why we have this increase in public debt, and we have to address this problem." And there are three ways to solve this, to solve the problem: one is to increase taxes, do you think many voters will like that?
Yes, that's why it's being done through inflation. Yes. Well, yes. But because of inflation, ordinary people don't notice it as a tax. They, the government with its propaganda machine which of course is as evil as anything else , will say that the price of oil is rising because of this evil Putin, this evil Jingping in China, this evil man in Iran, and they will blame anyone.
The last thing a politician would do, in good English, when something has gone wrong, is blame himself for what happened. You can be sure of that ; They all go to universities and study political science, they could also say: " We are studying lies without borders, unlimited lies." It's curious. The second point I want to make is that they can address people and tell them that the problem is that we spend too much on social security, healthcare, and education.
The private sector could solve these problems much better than the government. So what we're going to do is cut child benefits, unemployment benefits, social security pensions, and so on. And do you think many people will vote for that? No. But a politician like Trump and I would have voted for him because I think he's a better choice than Camalla Harris and Mr.
Biden, but he's a complete disaster in terms of integrity. He is a narcissistic person who has nothing to do with that, who lives in a world of illusions. I think he actually believes this nonsense, this nonsense. In this interview, Mark Faber reflects on more than four decades of buying gold and observing the cycles of global markets through boom, bubble, and bust.
He explains why he began accumulating precious metals after the commodities boom of the late seventies, and why he believes that hard assets protect purchasing power as paper money loses value . Faber also analyzes central banks, public debt, inflation, and political decision-making in shaping the current financial system, from gold and silver to oil, raw materials, and the economy in general.
It offers a direct and often critical view of where markets may be headed. His perspective is shaped by decades of experience in finance, especially during major turning points in global investing. We also explored why inflation seems hidden yet profoundly affects people today. There is a lot to analyze.
So let's begin the interview. In my opinion, when the crisis truly hits and is devastating, I'm not sure you'll be able to transfer money from point A to point B. For example, I'm not saying I 'm a model investor or anything like that , but I live in Thailand, in northern Thailand, and I do, of course, have accounts in different countries around the world, and my main assets aren't in Thailand or in Thaibart.
But I'm worried that one day, if I ask a Swiss bank to send, for example, $100,000 to my account in Thailand, they won't fulfill that request, and it's become more difficult in Europe. They ask you why you're transferring money and things like that, you know, it gets unpleasant. Yes. And that's why I keep my money in Thailand .
Now, let's just say I'm not particularly optimistic about the value of the Thai B bond, but I'm fairly certain that the Thai stock market offers some value. I mean , it's not the stock market that's in a bubble. On the contrary, he is somewhat depressed and has come out of that state of depression in the last six months and this year alone has risen more than 20% in US dollars.
So there is some value there, and I also keep some gold in Thailand. You know this is an important question: if you have gold, where do you keep it? And my advice to people is that you need to diversify to keep it in different places, and there are people and organizations like my friends who work for a company, Von Greyards .
Oh, I love them, and you know, people can own gold in a relatively safe way. You can explain this in more detail, but I think it's very important for someone who says, "Well, I have a billion dollars and I can live comfortably on a hundred million, so I put 100 million into gold." It is very important that this person keeps the gold safe.
Nothing is certain. You understand that if the government came and told you there was COVID and you had to get vaccinated and stay home, you wouldn't be allowed to smoke in your own garden, and a lot of things could happen. I don't trust anything that has to do with the government. I don't trust anything that has to do with the government.
Yes. And, unfortunately, the quality of public officials, in general, has completely collapsed. It's terrible what government officials are doing these days. In Switzerland, we used to have a country that was relatively reasonable. In relative terms, you should diversify. My preferred asset is still gold, but I think gold will go down in the short term .
Yes, it will be affected by a relative liquidity constraint. For now, I realize that the last few years have been exceptional for capital gains. I mean, everything went up, except for commercial properties, and since 2018 residential properties have also gone down, but not drastically compared to the previous increase.
But most assets are highly inflated, and I think the most hated or neglected asset today is basically cash and treasury bonds. Yes. I always have a bond portfolio , but I vary the quality and adjust the maturities, but I always have a bond portfolio, so I advocate diversification and an emphasis on precious metals, but I think they will also decline a bit in the short term.
So what's the real takeaway here? It's not about fear or chasing the next big deal. It's about being prepared before the system is tested. Mark Faber's message is clear. Don't assume that your money, your bank , your currency, or even your government will always work exactly as you expect. In times of uncertainty, access matters, location matters, diversification matters.
Whether it's gold , cash, bonds, stocks, or accounts in different countries. The goal is not to predict every crisis perfectly. The goal is to avoid getting stuck when the rules change, liquidity dries up, or institutions stop serving the people who trusted them. And that's why this conversation is so important.
It reminds us that we must think independently, protect our purchasing power, and build a financial life that does not depend on any country, currency, or institution. If you found this discussion helpful, be sure to like this video, subscribe to the channel, and share your thoughts in the comments.
Do you share Mark Faber's opinion on gold, cash, and diversification? Let us know below and we'll see you in the next one.
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