Marc Faber, publisher of The Gloom, Boom & Doom Report, broke the news to CNBC that the Federal Reserve will never completely end QE and that the stimulus is likely to become larger in the coming years. Later in the interview, Faber indicates that now is the time to get into precious metals like gold and silver, because the prices are extremely depressed.
“They will never end QE for good…Once [these programs ] are introduced, they usually keep on going. They may do some cosmetic adjustments, but within a few years, the asset purchases will be substantially higher than they are today.”
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Faber is cut from the very same cloth as Peter. I just hope that cloth is made if some good stuff. After hearing Peter call it right in 2006, I’m expecting him to be right again. All eggs in one basket etc.