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  • 'Buy farmland and gold,' advises Dr Doom

    02/23/2010 6:13:51 PM PST · by jsh3180 · 63 replies · 2,644+ views
    TimesOnline ^ | February 22, 2010 | Leo Lewis, Asia Business Correspondent
    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...