'Buy farmland and gold,' advises Dr Doom

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
02/03/2010 10:50

The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash. The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers. Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom.

Speaking today, Dr Faber said that investors, who control billions of dollars of assets, should start considering the effects of more disruptive events than mere market volatility.

“The next war will be a dirty war,” he told fund managers: "What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
02/03/2010 10:51

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7035913.ece

hilda


Joined: 10/09/2009
Posts: 80

Message Posted:
02/03/2010 11:24

I wonder why farmland,in the hope that one day they might be able to build on it.

professoregit


Joined: 30/08/2008
Posts: 381

Message Posted:
02/03/2010 11:38

Msg 3, agriculture I assume. Growing population, shrinking bread baskets.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
02/03/2010 11:46

I think he meant in this context:



"The best bet for investors may be to buy a farm and escape from the cities, as a prolonged recession could lead to war, as the Great Depression did, said the Swiss national, who now lives in Thailand.



“Buy a farm and let your girlfriend work on the farm,” he said, to the applause of investors. “If the global economy doesn’t recover, usually people go to war.”

dizzycows


Joined: 12/05/2009
Posts: 2736

Message Posted:
02/03/2010 11:54

Reading the comments from the thread, it is clear that most think that buy buying farmland ect, they will be able to produce food ect, but if it is nuclear or poison war fare, the land, cattle, sheep, corn ect ect will become contaminated! So crops ect cannot be grown for 100s of years.

After the Russian fall out years ago, cant remember the exact year, 20/25 yrs, there are still parts of Wales affected, some parts never will be able to produce food, remember that thousands of sheep became reactive! Never to go into the food chain.



So dont all go rushing off to buy your farm, ........ it also has to be managed just like your other investments.....

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
02/03/2010 12:17

if a pundit has already invested in something then he can only benefit if s/he then advises others to do the same.

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
02/03/2010 12:58

Well if there is nuclear war I think we are all xxxxed not just those with farmland.

jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
02/03/2010 13:42

just up the road from me...............................





http://cgi.ebay.co.uk/ROC-Nuclear-Bunker-Master-Post-Peak-District_W0QQitemZ330408714804QQcmdZViewItemQQptZUK_HG_Property_RL?hash=item4cede4e234

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
02/03/2010 13:54

I love the last photograph of the three men in the office and the Nuclear war going on outside!

jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
02/03/2010 13:57

Serious question.............................



How do you think you would fare here in TRNC if something big kicks off Globally or even a few nuclear exchanges between Israel & Iran ??



How quickly would the locals turn on us if food supplies run low ??



I personally think there is no way back for the global economy as the debt is too big & can't be paid back & the next step is war or another 9/11 on a far huge scale.



A bit depressing I know but I'm reading doom & gloom all over the place & when it gets talked about on a forum like this then it confirms my suspicions even more

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
02/03/2010 14:01

I somewhat agree Jimmy. The global debt will get worse I fear. Whether or not it turns into a 'war' situation - who knows?

dizzycows


Joined: 12/05/2009
Posts: 2736

Message Posted:
02/03/2010 14:10

All of Cyprus would be a big blob of useless soil, if Israel and Iran let off nuclear stuff....... nobody will be left, and if they are, who would want to be left to try and survive.. Its more likely to be between N.Korea and others, so all go and enjoy what you have today.... Tomorrow never comes.....

jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
02/03/2010 14:13

I think this video sums it all up really (based on USA but applies to the UK)



http://www.brasschecktv.com/page/797.html



I just wish people would WAKE UP & realise whats going on but they are more bothered about the x factor & who is sha**ing who.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
02/03/2010 14:46

Jimmy...... and the weather! )

littlejohn


Joined: 09/03/2009
Posts: 316

Message Posted:
03/03/2010 01:40

Message14 - it has always been thus!! The situation prolonged by the ignorance of people similar to many who contribute to this forum !!

Jeannie


Joined: 04/08/2009
Posts: 3283

Message Posted:
03/03/2010 01:56

Message 14/16 - to me, echoes of Vietnam - or am I being naive?



Same old, same old, bloody 'gung-ho' Americans with, apparently more money than sense.



Anyone remember the old song "Where Have All The Flowers Gone"?



To me, there is never anything to be gained by war. OK - during WW2 - we were fighting (or at least, my Dad and many others' fathers ) for something that, at least, 70 odd years down the line, we could possibly see some reason for (I don't know, I wasn't born then).



Message 16 - I would agree, but would you like to be more specific?



With thanks.

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
03/03/2010 19:21

buy more farmland , and grow crops , when the government sxxt on you , you will have a bumper harvest ?

dizzycows


Joined: 12/05/2009
Posts: 2736

Message Posted:
03/03/2010 22:22

Yea rowlo they do it from a grear hight!!!! Give us enough poo to grow enough grub for all of Europe.......

jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
03/03/2010 22:55

posted in the wrong thread so putting it in here as originally intended





careful why you buy your gold from http://news.coinupdate.com/largest-private-refinery-discovers-gold-plated-tungsten-bar-0171/

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
04/03/2010 09:08

buy corbos gold ?