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Marc Faber: The Next Crisis Can’t Be Solved With Money Printing

VRIC Media Sep 13, 2026 44:46

Summary

Faber argues the world remains in a long-term commodity and interest-rate upcycle, driven by persistent money printing, war, and tariffs.

He expects gold to keep rising against paper currencies, viewing bullion as the cleanest way to preserve purchasing power through monetary debasement.

Platinum looks cheap relative to gold; Faber expects platinum to overtake gold's price within roughly five years.

Commercial real estate shows money printing no longer lifts every asset — when traction fades, central banks will print more, undermining bonds.

Cash will persist because stablecoins fail without a connection, and Faber expects gold, silver, and platinum coins to regain status as money after the next crisis.

Marc Faber's takeaways

  • Top takeaway The guest argues the next crisis cannot be solved with money printing and predicts a period of turmoil in which government debts, especially US debt, are not repaid, pushing trade back toward intrinsically valued units like gold, silver, and platinum coins.
  • He frames the current setup as a multi-decade upward commodity cycle (Kondratiev) paired with a steep upward interest-rate cycle that began turning in August 2020, and says tariffs and the war in Iran are pushing commodity prices higher than they would otherwise go.
  • He expects gold to keep gaining against paper currencies because central banks in democracies lack politically tolerable alternatives to printing, and he notes the move from roughly $2,000/oz to about $5,500/oz, followed by a correction toward $4,000/oz.
  • He says platinum looks cheap relative to gold and is betting platinum will exceed gold within roughly five years, also flagging silver and oil (priced in gold) as relatively inexpensive.
  • He argues the US under the current administration increasingly resembles a banana-republic regime in which personal, state, and corporate interests mix, with the government effectively picking winners and losers in a quasi-socialist fashion.

Darrell Thomas's takeaways

  • Top takeaway The host presses the guest on issues ranging from gold's price run and central-bank buying to stablecoin surveillance, framing the conversation around resource-investment and civil-liberties concerns for US listeners.
  • He raises structural-supply concerns about critical minerals, noting silver has run multi-year deficits and there have been no major new copper discoveries in roughly the past 10 years.