Vietnam’s state coal miner may make it onto a list of the world’s top mining companies by just one measure: its workforce. With almost 140,000 staff, it has more than BHP Billiton Ltd. and Rio Tinto Plc combined.
Everyone should keep gold in their portfolios as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
U.S. stocks may plunge in the second half of the year “like in 1987” if the Standard & Poor’s 500 Index climbs without further stimulus from the Federal Reserve, said Marc Faber, whose prediction of a February selloff in global equities never materialized.
Marc Faber, publisher of the Gloom, Boom and Doom report, said he increased his investments in Hang Seng Bank Ltd. and Sun Hung Kai Properties Ltd. because their dividend yields will help them beat government bonds and cash.
The Standard & Poor’s 500 Index may drop as much as 15 percent in the next six months as global equity markets extend their decline, according to Marc Faber , publisher of the Gloom Boom & Doom report.