Marc Faber: Well to-do People Will Lose Up To 50% of Their Total Wealth

Marc Faber is interviewed on CNBC on the 2nd of April 2012.

He explains that down the road their will be a massive wealth destruction and that in the next 10 years, investors should not think how could I get the highest return, but how do I need to invest to lose the least. He expects rich people to lose up to 50% of their wealth.

For US residents, he recommends real estate in the south of the US (Arizona, Georgia), some gold and equities.