Speaker 2
Well I don't know about that you need to stick around a lot longer but I don't know you're still riding those motorcycles which is uh as I said earlier that's pretty badass.
Speaker 1
I got the new BMW. No, the new Honda 1000cc CBRRR from my wife. Everybody says, my wife is buying me these fast motorcycles to kill me. Which may very well be the case.
Speaker 2
I don't know. Okay, well, I've certainly enjoyed having you back on. We got the office tour. I don't know if anyone else has gotten the office tour, so that might be a bit of an exclusive. Any parting thoughts that you'd like to leave this audience to think about before I let you go? And obviously let them know where they can find your work as well. We want to make sure that we get the Gloom, Boom, and Doom report in there, which is at gloomboomdoom.com. Well,
Speaker 1
the thing is, I'm also an investor like your viewers and so forth. And we have to admit that we know actually very little about the past. History has been written by historians and these historians, they are biased. They are either Americans or British or German or Russian and so forth. Each one has a different story to tell. And a Palestinian author will write a different story about the Middle East, and say a Jewish historian, I suppose. I haven't read these books. But then we know little about the past. About the present, we are misinformed by the media, as we've obviously seen now. And about the future, we know nothing. So, so many things can happen. I mean, I have well-informed friends. They think that America and Israel will attack Iran shortly. If that happens, I suppose that oil prices will go up. That would be an assumption that it would be reasonable. And in view of not knowing how the world will look in five years or tomorrow or whenever, I recommend people to be diversified, to have some assets, real assets, and some financial assets. I de-emphasize financial assets, and I can explain you why. Say the gold price is at close to a high. But what have the paper done? The shares, they've moved nowhere. They've actually underperformed everything. So people who buy gold, they buy it as a safety measure because they hold something and they avoid the paper. For the paper, they buy Nvidia and Tesla. So this is, in investments, we have to be now very careful because two scenarios may emerge. One is say the scenario of the 2000. When the Nasdaq broke, it brought down everything in the world. Not for a long time, but for two years everything went down. And then the mining stocks and the commodity cycle was turning up and commodity related stocks did well. Or we could be in 89. Japan was the dominant market. 50% of the stock market capitalization in the world were Japanese stocks. And Japanese stocks went down. I thought at the time they would drag down everything. But not so. I was wrong. The money flowed out of Japan into other markets, notably into tech stocks in America. Between 1990 and 2000, tech stocks went bananas. So you and I, we don't really know. And I'm too old to go and work as a waiter. I would drink the whole bar empty. So I've had to stay in good financial conditions.
Speaker 2
Certainly. Well, Mark Faber, Dr. Mark Faber, editor and publisher of the Gloom, Boom, and Doom Report. Thank you so much for coming back on this show. And thank you for being so generous with your time, all of your knowledge, your wisdom, your ideas, and for the cool office tour. That was neat and a bit unexpected. But thank you so much for joining us again. Really appreciate it.