With Monday being Presidents Day here in the US, the markets are closed all day. So if you've got some extra time, you might want to listen to Dr. Marc Faber being interviewed by Jim Puplava on the Financial Sense Newshour.
Faber pretty much says what he's been saying -- so if you read this year's Barron's Roundtable or saw any of his recent Bloomberg TV interviews you're most likely up to speed with the good doctor. He doubts any second half recovery, and if we see one, he believes it will be weak.
One interesting question was when Puplava asked how much gold the average person should own, adding that 5% wouldn't be enough. Faber rightly said it would depend on what the person's assets were, what their specific situation was, etc. I could see having 10% of a person's assets in gold bullion, as a form of insurance (I've written before over the years that I like gold as a quasi-investment/quasi-insurance). Just like I agree with the idea of having 6 month's of your living expenses in a separate emergency account.
Anyway, as I repeatedly state with regards to Fabe and Jim Rogers, I find their big picture views thoroughly interesting -- but cannot ever recall buying or not buying anything because of what they've said in the past. And that's no knock on either gentleman. We can't reverse engineer too many, you know. ;)
Staying with the Financial Sense Newshour, I meant to post about how much I (unexpectedly) enjoyed Puplava's recent interview with Ken Fisher. Fisher was promoting his new book,
The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!) (Fisher Investments Press)
Well, that didn't happen. But listening to Fisher was great fun, and I bet the book is a fun read as well. You know, I even bet some people put these ideas to good use (especially the one about finding a mate).
What's more, Fisher details the "Ten Roads" one by one. So you can listen to all 10 without buying the book.
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