Marc Faber Joins Hedge Fund Of Fellow Doomsayer Eric Sprott |
Date: Wednesday, January 20, 2010
Author: Courtney Comstock, Clusterstock
Marc "Doom, Boom, and Gloom" Faber just joined Sprott Asset Management as a director.
Faber is currently an investment advisor who often speaks about his deep concern for the future of the dollar (he thinks the U.S. will default on its debt within the next 5-10 years).
Together, Faber and Sprott are almost like two peas in a pod, except not cute.
Both like hard commodities as a hedge against hyper-inflation. Faber likes farmland because [paraphrased] "when the war comes, the bombs will predominantly fall on urban areas," and Sprott likes gold. Last month, his fund launched a physical-only gold trust.
Sprott also recently released a report saying the Fed is a Ponzi Scheme.
For more information, read Sprott's press release.
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