Age, Biography and Wiki

Mark Faber was born on 28 February, 1946 in Switzerland, is a Swiss investor based in Thailand. Discover Mark Faber's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 78 years old?

We recommend you to check the complete list of Famous People born on 28 February. He is a member of famous with the age 78 years old group.

Mark Faber Height, Weight & Measurements

At 78 years old, Mark Faber height not available right now. We will update Mark Faber's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Who Is Mark Faber's Wife?

His wife is Supatra Faber

Mark Faber Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Mark Faber worth at the age of 78 years old? Mark Faber’s income source is mostly from being a successful . He is from Switzerland. We have estimated Mark Faber's net worth , money, salary, income, and assets.

Mark Faber Social Network

Timeline

Faber drew criticism on October 17, 2017, after including controversial and widely criticized as racist remarks in the latest print edition of his investment newsletter.

On January 14, 2015, Faber predicted that gold prices will rise by 30% in 2015. Gold prices subsequently fell by 14% from $1234 on January 14, 2015 to $1060 on December 31, 2015.

On July 23, 2015, Faber stated that investors must hold cash for better buying opportunities after correction.

On March 27, 2013, Faber said that the U.S. is creating nowhere-to-hide bubbles in many emerging economies such as Indonesia, Philippines, and Thailand (up four times from 2009 lows).

"Thank God white people populated America, and not the blacks," Faber wrote, according to an excerpt of the print newsletter obtained by Business Insider. "Otherwise, the U.S. would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years in the economic and political sun under a white majority. I am not a racist, but the reality – no matter how politically incorrect – needs to be spelled out as well." He further defended statues of Confederate figures calling them "honorable people whose only crime was to defend what all societies had done for more than 5,000 years: keep a part of the population enslaved." Faber defended his comments in a subsequent statement to Business Insider, adding that he is "naturally standing by this comment since this is an indisputable fact".

In 2012, Faber claimed that there was a "100% chance" of a global economic recession later that year or in early 2013. Subsequently, the average world product grew steadily by 3.4% in each of 2012, 2013 and 2014, and 3.5% in 2015.

In 2012, Faber predicted that the S&P 500 index would fall at least 20% within 6–9 months following the re-election of Barack Obama. Subsequently, the S&P 500 index rose from a low of 1359.88 on November 16, 2012 to 1480.40 as of January 1, 2013, 1570.70 on April 1, 2013 (up 15% from the November low, 6 months after Faber's prediction), 1668.68 on July 1, 2013 (up 22% from the November 2012 low) and 1783.54 on November 1, 2013 (up 31%).

He also expressed temporary bullishness for the U.S. dollar in mid-2008, before it dramatically recovered and positive expectations for holding the Japanese yen. In December 2008, Faber said, "I think a recovery will not come in the next couple of years, maybe in five, 10 years' time". Subsequently, the S&P 500 index rose by 48% from 865.58 on January 1, 2009 to 1282.62 on January 1, 2011.

In 2009, Faber predicted with 100% confidence that the Federal Reserve's policy of keeping interest rates near zero would lead to hyperinflation approaching levels seen in Zimbabwe. Zimbabwe's inflation rate reached 89 sextillion percent in a previous report. Subsequently, annual increases in the CPI were 2.7% in 2009, 1.5% in 2010, 3.0% in 2011, 1.7% in 2012, 1.5% in 2013, 0.8% in 2014 and 0.7% in 2015.

Faber has been long term bearish about the American economy for a number of years, and continues to be so. He concluded his June 2008 newsletter with the following mock quote:

Faber writes the monthly paper investment newsletter The Gloom Boom & Doom Report, as well as the online subscription letter "Monthly Market Commentary". He has also authored several books, such as The Great Money Illusion; The Confusion Of The Confusions (1988), Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets (1998) and Tomorrow's Gold: Asia's Age of Discovery (2010).

Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.

During the 1970s, Faber worked for White Weld & Co. in New York City, Zurich, and Hong Kong. He moved to Hong Kong in 1973. He was also a managing director at Drexel Burnham Lambert Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Chiang Mai, Thailand, though he keeps a small office in Hong Kong.

Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. He is the publisher of the Gloom Boom & Doom Report newsletter and the director of Marc Faber Ltd, which acts as an investment advisor and fund manager. Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Asia Frontier Capital Ltd.'s AFC Asia Frontier Fund.