27 August 2024
Marc Faber, author of The Gloom, Boom & Doom Report, warns that virtually all asset classes are currently in a bubble, including popular tech stocks and collectibles. He predicts negative real returns for U.S. equities over the next seven years and recommends investing in precious metals as a way to preserve purchasing power. Faber emphasizes the importance of capital protection over seeking high returns in the current market environment.