"The Americans and the western powers know very well they cannot contain China economically... but one way to contain China is to switch on and switch off the oil tap from the Middle East," he said.
"I happen to think the Middle East will go up in flames," he said.
Headline: ‘Dr. Doom’ Sees Iran-Israel Clash, Says Buy Precious Metals
Political risk in the Middle East has increased significantly with war between Iran and Israel almost inevitable, and precious metals and equities investments offer some safety, Swiss money manager and long-term bear Marc Faber said on Tuesday.
"Political risk was high six months ago and is higher now. I think sooner or later, the U.S. or Israel will strike Iran—it's almost inevitable," Faber, who publishes the widely read Gloom Boom and Doom Report, told Reuters on the sidelines of an investment conference.