Dr. Doom’ Sees Iran-Israel Clash, Says Buy Precious Metals -- CNBCPolitical risk in the Middle East has increased significantly with war between Iran and Israel almost inevitable, and precious metals and equities investments offer some safety, Swiss money manager and long-term bear Marc Faber said on Tuesday.
"Political risk was high six months ago and is higher now. I think sooner or later, the U.S. or Israel will strike Iran—it's almost inevitable," Faber, who publishes the widely read Gloom Boom and Doom Report, told Reuters on the sidelines of an investment conference.
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My Comment: I always worry about these pundits .... they always put their money where their mouth is .... and they are usually right. But while I do not share their conviction that there will be an Israeli strike on Iran, they will probably still make money because of this monster crisis which has the capacity of becoming a real disaster that will impact everyone.
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