Faber: Yuan to Continue Up the Dollar

Everybody in the world tries to lower its currency in order to remain competitive

But the Asian currencies will continue to appreciate. We live in a new world in which emerging economies will have a larger and larger share of world stock market capitalization

BLOOMBERG Sep 2010 | In ten years time emerging economies could comprise fifty percent of global stock market capitalization, as a result of:

·       Currency gains against the US dollar and the euro

·       Further capital gains in these markets

·       New issues

"I continue to advise every responsible citizen of this world to accumulate some gold and…" — Faber

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