Marc Faber, a famous investment expert known as "Doctor apocalypse" due to his comments on financial markets and crisis forecasts, said that Turkey is attractive for investments, and said: "Now I am thinking of investing in some stocks in Turkey." Faber, who has also been evaluating Bitcoin and other cryptocurrencies, which are growing in popularity, made striking statements.
Marc Faber, a world-famous Swiss investor, said that 30 percent of businesses will not open again because of measures by governments in Western economies to stop production on the Covid-19 epidemic.
"TURKISH ASSETS ARE BELOW THEIR VALUE"
For foreign investors, there are investment opportunities in developing countries such as Turkey, Faber said: "Turkish assets are below their value. Turkey (for investments) is relatively attractive. I was thinking about buying stocks in Turkey. I didn't, and there was a decline in the market. But now I'm thinking about investing in some stocks," he said.
"THE WESTERN WORLD DOES NOT UNDERSTAND THAT TURKISH COMPANIES ARE WELL MANAGED"
Faber, first of all, does not understand that the Western world is very well managed by Turkish companies, Turkish companies can do business with Central Asia, saying, "If you want to open up to Central Asia, Turkish companies are a very good tool."
"A CORRECTION MAY BE SEEN IN THE CHINESE STOCK MARKET"
Despite China's tensions with the United States, the stock market has performed well, Faber said, adding that a correction may be seen in the Chinese stock market in the coming period.
"EMERGING MARKETS ARE LIKE A TREASURY COLLECTION OF SHARES BELOW THEIR VALUE"
"I am on the board of Directors of a company that has investments in Uzbekistan," said Faber, who said that Iraq and Uzbekistan offer opportunities in terms of developing stock markets. We invested there. We have seen an increase of more than 20 percent in 3 months," he said.
Emerging markets, Faber said, are "like a collection of Treasuries with shares below their value."
TURKEY'S PLACE IN THE NEW WORLD ORDER
Faber, a famous investor, noted that the balance of power in the world has changed after the outbreak, in the future, the United States will lose power, so it can increase geopolitical tensions with Russia and China.
"ERDOGAN IS A LEADER"
"He essentially has the courage to stand up to America and the EU," Faber said. We have to accept it," he said.
Britain and Turkey should continue to remain outside the EU, Faber said:
"EVERY COUNTRY IN THE EU WANTS TO BE LIKE TURKEY AND BRITAIN"
"I think every country in Europe wants to be like Turkey or Britain, not be together. Most people in Europe hate the EU. But politicians love the EU. They make too much money. Commission is taken from there, commission is taken from here. Money flows into your hands. But the last thing ordinary people want is to stay together as members. Turkey should never be a member of the EU. Never..."
"TURKEY'S RELATIONS ARE IMPORTANT IN THE NEW WORLD ORDER"
Faber stressed that it is important for Turkey to have good relations with the Arab world, China, Russia and India in the new world order.
"I THINK AUSTERITY WILL BE ON THE AGENDA AGAIN"
"I think austerity will be on the agenda again," Marc Faber said, noting that emerging economies are on the way to turning on the money taps to get their economies, which have been hit deep in the epidemic, back on their feet. He'll come by accident, not willingly. Printing money in every country leads to wealth error. It will continue for a while, but the consequences will be very bad," he said.
"INVESTMENT DIVERSIFICATION MUST BE DONE"
"It is necessary to diversify investments cautiously, such as diversifying in different currencies, in different countries, in different stocks," said Faber, who stated that it would be useful for investors to diversify their investments... Real estate, diversification in cash... This diversification could include precious metals and cryptocurrencies, as people have recently suggested," he said.
HOW WILL THE FUTURE BE SHAPED FOR CRYPTOCURRENCIES?
"I have two experts who have written to me about Bitcoin and cryptocurrencies," investment expert Faber said of cryptocurrencies. They told me,' invest in cryptocurrencies as much as you can afford to lose, '" he said.
"TAX ON CRYPTOCURRENCY, OF COURSE, WILL COME"
Some governments will try to tax cryptocurrencies in the coming period, Faber said. " Of course they will. Anything that succeeds is taxed. This is the Iron Law of governments. Whatever fails is often subsidized, " he said.
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