{"id":24766,"date":"2017-08-20T17:41:25","date_gmt":"2017-08-20T22:41:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=24766"},"modified":"2017-08-20T17:41:25","modified_gmt":"2017-08-20T22:41:25","slug":"marc-faber-in-the-age-of-cyber-terrorism-every-investor-must-own-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=24766","title":{"rendered":"Marc Faber: In the Age of Cyber-Terrorism, Every Investor Must Own Gold"},"content":{"rendered":"
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Marc Faber: In the Age of Cyber-Terrorism, Every Investor Must Own Gold<\/a><\/h3>\n<\/div>\n<\/div>\n
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Take it from \u201cDr. Doom\u201d: own some physical gold<\/a> and keep it out of the banking system.<\/p>\n

Dr. Marc Faber, a legendary investor and the editor\/publisher of the Gloom, Boom & Doom Report<\/em>, is well known for his contrarian investing style.<\/p>\n

In a recent Metal Masters interview<\/a> with the Hard Assets Alliance, he noted that the biggest geopolitical risk for Americans today is not a conventional war but rather cyber-attacks that could take down the US power grid.<\/p>\n

In such a scenario, gold would become an irreplaceable medium of exchange. But it\u2019s not the only reason to own gold today.<\/p>\n

Diversified Assets Outside the Banking System<\/strong><\/p>\n

Faber grew up in Switzerland right after World War II, a tough time that caused his family to distrust paper money and taught him the importance of precious metals as a safety net.<\/p>\n

Faber remembers how his father talked about rich people as millionaires. \u201c<\/em>That, in the \u201850s and \u201860s and \u201870s, was a lot of money. Today, a million is nothing at all\u2014small change. Unfortunately. When people talk about, \u2018Oh, there is no inflation in the system,\u2019 this is nonsense. Compared to assets, money has lost a tremendous amount of purchasing power.\u201d<\/p>\n

After working on Wall Street for over two decades, Faber\u2019s assets consisted mainly of bonds, equities, and real estate. He says it was in the 1990s when he realized that \u201cit\u2019s good to have a diversified asset outside the banking system and not financially related\u201d and began to purchase some physical gold<\/a> every month.<\/p>\n

The Fed largely ignores gold as an asset, he says, because \u201cgold is an embarrassment to central banks.\u201d<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Marc Faber: In the Age of Cyber-Terrorism, Every Investor Must Own Gold Take it from \u201cDr. Doom\u201d: own some physical gold and keep it out of the banking system. Dr. Marc Faber, a legendary investor and the editor\/publisher of the Gloom, Boom & Doom Report, is well known for his contrarian investing style. In a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[15611,2076,4884,14913,374,7249,2307,536,1111,1574,15663,860],"class_list":["post-24766","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cryptocurrency","tag-cyberterrorism","tag-cyberwarfare","tag-dr-doom","tag-gold","tag-hard-assets-alliance","tag-marc-faber","tag-money","tag-physical-gold","tag-power-grid","tag-shannara-johnson","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24766"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24766\/revisions"}],"predecessor-version":[{"id":24767,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24766\/revisions\/24767"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}