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Investors / stance tracking

What Marc Faber is saying

Editor, Gloom Boom & Doom Report

48 dated public stances tracked since 2024-08-29, most recently 2026-08-31. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.

The stances below are c8alpha's editorial distillation of Marc Faber's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Marc Faber is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.

Think we got something wrong? Report a misattribution — we correct it or take it down.

48
tracked stances
33
themes
2
side flips
2026-08-31
last heard
Returns  90d -0.1% (n=24) · 180d -2.1% (n=24) · 1y +1.4% (n=15)

Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.

View flips

Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.

GOLD — bearish2026-06-24 → bullish2026-06-26
GOLD — bullish2026-01-16 → bearish2026-06-24

Most-argued themes

ThemeStancesLeanMixLast
GOLD76 bullish / 1 bearish2026-06-26
SPX55 bearish2026-06-24
Long Dur Treasuries31 bullish / 2 neutral2026-06-24
PLATINUM22 bullish2026-01-16
SILVER22 bullish2026-01-16
AI SECTOR (BROAD)11 bearish2026-06-26

Tracked stances

bullish / bearish is a view they argued; owns / short is a position they said they hold.

2026-08-31 USTS bearish Wealthion · video
Persistent inflationary pressures — including energy and food — are structural and make lower interest rates unlikely, trapping yields at elevated levels
“it's very difficult to come out of an inflationary spiral and that's where we are”
Iran Erupts Again: Is a Major Oil & Market Shock Coming?
2026-08-31 Commodities Broad bullish Wealthion · video
Money printing is inflationary and, combined with energy cost pressures, will continue to push food prices higher as part of a broader inflationary spiral
“I would expect food prices to continue to go up”
Iran Erupts Again: Is a Major Oil & Market Shock Coming?
2026-06-26 AI SECTOR (BROAD) bearish Wealthion · video
Historically, every massive capital-spending boom (railroads, canals, early autos, 1978–1980 oil) ended with ~95% of participants losing money; AI capex is following the same script and will produce very few winners
“approximately 95% of the exploration companies go under and 5% are huge winners. And that I would expect in the AI space”
Zeberg & Faber: The Rally Before the Reckoning
2026-06-26 GOLD bullish Wealthion · video
Measured against gold, the US stock market has been declining since 2000 and nominal gains mask real destruction of purchasing power; the post-bubble period will continue that trend
“against gold, the market is way down since 2000”
Zeberg & Faber: The Rally Before the Reckoning
2026-06-24 AI SECTOR STOCKS (BROAD) bearish Wealthion · video
Massive capital expenditure booms historically destroy most investor capital even when the underlying technology succeeds — railroads, canals, dot-com — and Faber expects ~95% of AI companies to fail or remain unprofitable despite real adoption, as capital…
“most of these periods ended in colossal losses for most participants”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 DJT bearish Wealthion · video
Trump family vehicles have a consistent track record of transferring value from public investors to the Trump family, as demonstrated by stable coins enriching the family ~$700M while impoverishing buyers by the same amount
“A guaranteed recipe to make money is to sell short any stock that has to do with a Trump family”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 SPX bearish Wealthion · video
Market breadth is historically narrow (only ~60% above 200-DMA vs 80% in a healthy bull), the rally is driven by a tiny number of AI/space names, dividend yields are at all-time lows, PEs are extreme, and the US economy faces a structural fiscal crisis with…
“I think it will be a disaster, quite frankly. I think a complete disaster”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 INDONESIA EQUITIES bullish Wealthion · video
Indonesian stocks are now 'rather inexpensive' on a valuation basis and are a candidate destination for capital rotating out of overvalued US equities into cheap emerging markets that have begun outperforming the US over the last 12 months
“the stocks in Indonesia are now rather inexpensive”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 US FINANCIAL SECTOR STOCKS bullish Wealthion · video
Exceptional relative strength in financials signals the market is pricing in lower interest rates over the next 6 months, making the sector a near-term beneficiary of the rate-decline cycle
“what strikes me in the US is the exceptional strengths of financial stocks”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 THAILAND EQUITIES bullish Wealthion · video
Thai equities are inexpensive on a valuation basis and Faber sees specific aspects supporting investment there, with emerging markets broadly beginning to outperform the US over the trailing 12 months suggesting capital rotation into the region
“they're also inexpensive in Thailand... there are some aspects that would argue for having investments in Thailand”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 Long Dur Treasuries owns Wealthion · video
Contrarian position as consensus is short bonds, and Faber expects yields to fall over the next 6 months driven by economic weakness for ordinary Americans and a short-term disinflationary window before the longer-term inflationary trend resumes
“I'm actually long bonds in the US because everybody else is short”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 HOUSING bullish Wealthion · video
Emerging strength in homebuilders both in the US and in emerging markets signals market belief in falling interest rates, and lower rates would directly expand homebuilder demand and margins
“the emerging strengths of home builders, which would indicate the market believes interest rates will trend lower”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-06-24 GOLD bearish Wealthion · video
Gold is in a correction phase driven by slowing liquidity growth and the correction may persist through September/October 2026, though structurally Faber remains a long-term holder because the US will ultimately be forced to print money to service its debt
“I think that gold is in a correction phase as well as silver and that it may last for a while”
Marc Faber: We're Approaching a Major Market Top & It Ends in Disaster
2026-01-16 GOLD bullish Meb Faber · video
Global investors hold only 1-2% of assets in gold, and as money printing continues to debase fiat currencies, precious metals maintain purchasing power better than financial assets
“whatever happens I think the precious metals will kind of maintained their purchasing power”
90d +4.5% · 180d -11.6%
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 SILVER bullish Meb Faber · video
Money printing causes sound currencies like silver to rise more than fiat assets, and as ETF holdings remain very small, the asset is underowned relative to its role as a monetary hedge
“globally people have a maximum of 1 or 2% of their assets in gold”
90d -12.1% · 180d -35.6%
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 Big Tech bearish Meb Faber · video
Valuations of the Magnificent 7 and semiconductors are in a bubble stage with sky-high valuations, making a significant drawdown likely even if broader markets or foreign equities continue to rise
“a collapse in NASDAQ stocks now in the MAX 7 which are in a bubble stage very clearly”
90d -3.2% · 180d -15.8%
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 PLATINUM bullish Meb Faber · video
Platinum, alongside gold and silver, represents a sound currency hedge against money printing and fiat debasement, and is preferred over crypto or stablecoins as a store of value
“a stable currency which I would consider to be gold, silver, and platinum, not cryptos”
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 HONG KONG PROPERTY STOCKS bullish Meb Faber · video
Hong Kong property stocks have performed well and should continue to do so as wealthy individuals migrate to low-tax, high-security hubs like Hong Kong and Singapore
“property stocks in Hong Kong have done very well and I think they will continue to do well”
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 VIETNAM EQUITIES bullish Meb Faber · video
Vietnamese equities are not particularly expensive and represent an opportunity in the broader shift of economic weight toward emerging Asian economies
“there are markets like Vietnam that are not particularly expensive”
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 ENERGY bullish Meb Faber · video
Oil is very cheap relative to gold and other commodities, and consensus expects further price declines, creating a contrarian opportunity in oil and natural gas stocks
“I think oil stocks are now very cheap and natural gas”
90d +19.4% · 180d +20.1%
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 SINGAPORE EQUITIES owns Meb Faber · video
Singapore's combination of low taxes, high security, and attraction of global wealth makes it a destination for capital and supports equity performance
“the big theme of mine for the stock portfolio were stocks in Singapore and Hong Kong”
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 BANKS bullish Meb Faber · video
Thai bank stocks are cheap on a relative basis even as global banks have rallied strongly since 2020, offering value in a market that has underperformed
“I happen to think that the Thai banks are very cheap”
90d +0.3% · 180d +11.2%
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-16 CHINESE STOCKS bullish Meb Faber · video
Chinese stocks are not particularly expensive and benefit from the long-run shift of economic power from the Western world toward emerging economies including China
“there are markets like Vietnam that are not particularly expensive and also Chinese stocks”
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
2026-01-08 SPX bearish Meb Faber · video
US equities are in a bubble (65% of global market cap, extreme valuations by price-to-sales/book/earnings) and will suffer as interest rates break out in either direction, with 40 years of asset inflation now reversing
“you have to think how will I lose the least when things go down”
90d +1.7% · 180d -9.0%
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 HIGH DIVIDEND YIELD STOCKS bullish Meb Faber · video
Stocks with 7-10% dividend yields provide cash flow and compounding returns that are attractive relative to overvalued growth/tech equities, especially in a rising rate environment
“I like high dividend stocks. I like stocks that have a dividend yield of 7 or 10%”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 Long Dur Treasuries neutral Meb Faber · video
Bond sentiment is extremely negative (contrarian buy signal possible), but long-term bonds are fundamentally unattractive; they may outperform tech stocks in a downturn even if not a good investment outright
“the bond market is not attractive. But it may not go down as much as say tech stocks”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 BITCOIN neutral Meb Faber · video
Bitcoin has trading value as a symbol of anti-paper-money sentiment but is not a reliable store of value because it depends on internet infrastructure that could be disrupted in a war or grid-down scenario
“Bitcoin has not some value, but it symbolizes an aversion to paper money”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 LATIN AMERICAN EQUITIES (BRAZIL, COLOMBIA) owns Meb Faber · video
Latin American markets, especially Brazil and Colombia, are very cheaply valued relative to other emerging markets and are unlikely to be a war theater, reducing geopolitical risk premium
“I have significant investments in Colombia...the stocks are reasonably priced”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 RESIDENTIAL REAL ESTATE (US) bearish Meb Faber · video
US residential real estate is in a colossal bubble and will decline as rising mortgage rates reduce affordability, with most middle-class wealth concentrated there at risk
“real estate...I think will go down because it's in a colossal bubble as well”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 MAG SEVEN / US TECH STOCKS bearish Meb Faber · video
Capital will rotate out of overvalued Mag Seven and US tech into cheaper emerging markets and Europe, mirroring the post-1990 flow out of Japan into US tech
“the money could flow out of the Mag Seven stocks in America...and move into emerging economies”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 GOLD bullish Meb Faber · video
All paper currencies are being debased by central bank money printing, making gold the superior store of value and unit of account; financial assets measured in gold have declined over recent years
“I feel more comfortable to own silver and gold and platinum”
90d +5.6% · 180d -8.3%
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 International Dev bearish Meb Faber · video
All non-US markets trade at significant discounts on price-to-sales, price-to-book, and price-to-earnings versus US, and favorable demographics plus belt-tightening cultures support outperformance
“emerging economies are going to be doing much better than the developed world”
90d +5.2% · 180d +10.1%
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 SILVER bullish Meb Faber · video
Like gold, silver and platinum serve as real stores of value superior to paper currencies being printed by global central banks
“I feel more comfortable to own silver and gold and platinum”
90d -3.2% · 180d -21.9%
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2026-01-08 US INTEREST RATES BREAKOUT bullish Meb Faber · video
The Fed has lost control of long-end rates and 2026 will see a significant breakout in the 10-30 year bond market either up or down, which will be negative for equity valuations regardless of direction
“this year will get a big breakout of interest rates either up or down. And the stock market will not like it”
Marc Faber Returns: My 2026 Prediction Is “Doom” (Sell US Stocks)
2025-07-10 GOLD bullish Wealthion · video
The dollar's purchasing power has collapsed from $35/oz in 1970 to $3,300 now and will accelerate further under Trump's deficit spending and disregard for debt repayment, making gold the structural hedge
“individuals should still own precious metals and not store them in the United States”
90d +21.6% · 180d +34.9% · 1y +23.1%
Dr. Doom: We’re In For An Epic Economic Collapse Where Not Even The Wealthy Are Safe
2025-07-10 TSLA bearish Wealthion · video
Tesla's valuation is in bubble territory relative to other auto manufacturers — it makes a product with batteries and lacks differentiated demand, while Musk's political distractions compound the risk
“the value of Tesla is in bubble territory. When you compare it to other automobile manufacturers, there's nothing special”
90d -41.6% · 180d -39.7% · 1y -31.6%
Dr. Doom: We’re In For An Epic Economic Collapse Where Not Even The Wealthy Are Safe
2025-07-10 PLATINUM bullish Wealthion · video
Platinum is at a 22-year low versus gold but could trade at a premium to gold given the tiny size of the market and dollar debasement dynamics — a small accumulation by major funds would reprice it
“the platinum price in my view could easily go and sell at a premium to gold”
Dr. Doom: We’re In For An Epic Economic Collapse Where Not Even The Wealthy Are Safe
2025-02-14 USD bearish Wealthion · video
Dollar is significantly overvalued with real interest rates deeply negative — 10-year yield at 4.5% against actual household inflation of 5–10%
“I think the dollar is significantly overvalued”
90d +4.5% · 180d +6.1% · 1y +4.4%
Marc Faber On Bubbles, Markets & Inflation
2025-02-14 GOLD bullish Wealthion · video
Physical precious metals are the superior store of value versus fiat and crypto when central banks continuously debase currencies, as evidenced by gold being among the best-performing assets last year
“Gold Silver Platinum are the the more desirable assets”
90d +11.8% · 180d +16.1% · 1y +68.3%
Marc Faber On Bubbles, Markets & Inflation
2025-02-14 China Equities bullish Wealthion · video
US has outperformed emerging/Asian markets for 10+ years and Chinese stocks sit near multi-year lows while US is 'up in the sky' — analogous to Japan in 1989 after which Japan fell while other markets rallied
“Chinese stocks they're at the bottom and America is up in the sky”
90d +2.0% · 180d +13.1% · 1y +12.7%
Marc Faber On Bubbles, Markets & Inflation
2025-02-14 LATIN AMERICAN EQUITIES bullish Wealthion · video
Latin American markets are inexpensively valued and geographically insulated from the likely war theaters (Middle East, Central Asia), offering a safe-haven valuation opportunity
“Latin American markets are inexpensive...Latin America is out of sight of the world war theater”
Marc Faber On Bubbles, Markets & Inflation
2024-12-24 SPX bearish Wealthion · video
Real inflation has been systematically understated for decades, meaning real GDP is actually contracting and US equities will fall at least 50% in real inflation-adjusted terms as the true economic weakness is priced in
“I think it will go down at least by 50% in real terms inflation adjusted that I'm quite sure about minimum”
90d +4.2% · 180d -0.4% · 1y -16.2%
Wealthion’s Best Of 2024: Marc Faber
2024-08-31 SPX bearish Wealthion · video
Real inflation far exceeds government-reported CPI, making real GDP negative; with the consumer struggling and markets in a bubble relative to fundamentals, stocks will fall at least 50% in inflation-adjusted terms
“I think it will go down at least by 50% in real terms inflation adjusted that I'm quite sure about minimum”
90d -9.5% · 180d -6.7% · 1y -17.4%
Weekly Recap: Market Crash? Fed Outlook, Debt Crisis & Inflation Reality
2024-08-29 Long Dur Treasuries neutral Wealthion · video
Long bonds became very oversold through April 2024 and have already rallied 10%, but approaching Fed rate cuts are undermining the thesis so positions will be reduced within two months
“my bond position is a tactical short-term trade I'm still holding the bonds but I'm concerned”
Marc Faber: Markets Are In A Bubble & Will Deflate 50% In Real Terms!
2024-08-29 SPX bearish Wealthion · video
The financial asset bubble has grown to dwarf the real economy, and history (e.g. Dow flat 1964–1982 but down 70% inflation-adjusted) shows bubbles deflate at least 50% in real terms regardless of nominal price support from money printing
“I think it will go down at least by 50% in real terms inflation adjusted that I'm quite sure about minimum”
90d -7.6% · 180d -7.1% · 1y -17.0%
Marc Faber: Markets Are In A Bubble & Will Deflate 50% In Real Terms!
2024-08-29 THAILAND, MALAYSIA, INDONESIA EQUITIES bullish Wealthion · video
Foreigners have been heavy sellers of Southeast Asian equities for years, making them deeply neglected contrarian value plays relative to overvalued US growth stocks
“I like to buy neglected sectors where foreigners have been heavy sellers for a long time and that has been the case in Thailand and by the way also in Malaysia and Indonesia”
Marc Faber: Markets Are In A Bubble & Will Deflate 50% In Real Terms!
2024-08-29 GOLD bullish Wealthion · video
No current central banker has the will or credibility to restore paper money as a store of value, so continued currency debasement makes gold a necessary portfolio anchor
“I have no confidence at all in their ability and their willingness to see to it that paper money is a store of value”
90d +4.5% · 180d +15.3% · 1y +36.5%
Marc Faber: Markets Are In A Bubble & Will Deflate 50% In Real Terms!
2024-08-29 short Big Tech / long Em Equities pair Wealthion · video
Semiconductors, FANG, and Magnificent Seven will decline meaningfully over the next several years while value stocks and emerging-market equities rotate into leadership, consistent with historical financial-cycle turning points
“stocks of the popular sectors semiconductors the Fang stocks the Magnificent 7 they are going to sleep for the next few years and they will sleep very deeply”
90d -3.9% · 180d -2.7% · 1y -1.8%
Marc Faber: Markets Are In A Bubble & Will Deflate 50% In Real Terms!

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