The Editor and Publisher of the Gloom, Boom & Doom Report expects US Federal Reserve to increase bond purchases. He also said that India could grow at around 7% if regulatory environment would improve. 

THE FED SHOULD BE AUDITED

I dont value gold, I just weight it every year to see if its the same weight. I wish they would do that with the Federal Reserve, because nobody has audited these governments who claim they have that much gold. Maybe they dont have it, maybe they have lent it already.

FABER SAYS PLATINUM IS MAYBE THE BEST PRECIOUS METAL

I stick to physical Gold largely, and I have some holdings in shares like Newmont, Freeport McMoran.

I think commodities, precious metals, will all move in the same direction. Some may move faster than others. Some say Silver is better than Gold, some sayPlatinum is the best. I tend to agree that maybe platinum is the best precious metal

FABER WARNS ABOUT MASSIVE CREDIT BUBBLE IN ASIA

Over the last Five years, everywhere in Asia, the household debt as a percentage of the economy has exploded higher, in other words a lot of growth was driven by unsustainable credit growth. 

The household debt levels are relatively high, the asset prices are high, the affordability of buying homes has diminished and many countries have had currency weaknesses and their currency account surplus has turned to deficits. Some countries like India, Indonesia had to push up interest rates to support their currencies. 

I’m not overly negative in the Asian regions but if a bubble bursts in China it would have a devastating impact on the surrounding countries.