Marc Faber Resigns From Sprott Board After Racist Report

Marc Faber, a veteran investor and author, resigned from Sprott's board following controversial comments on race in America. His remarks, suggesting that the U.S. benefited from being populated by white people rather than black people, sparked backlash. Faber, a former managing director at Drexel Burnham, defended his statements as historical facts. Bloomberg confirmed his resignation, highlighting the impact of his comments.

What prompted Marc Faber's resignation from the board of Sprott?

• His financial mismanagement

• A personal decision to retire

• Pressure from investors

• His controversial comments in a newsletter

What did Marc Faber imply about the racial composition of America?

• It should have been populated by Asians

• It would be better if populated by Europeans

• It was fortunate to be populated by white people

• It should have been populated by indigenous people

How did Marc Faber justify his controversial statements?

• By apologizing for his remarks

• By blaming media misinterpretation

• By stating they were historical facts

• By claiming they were jokes

What was Marc Faber's role before his frequent appearances on Bloomberg?

• Chief economist at a bank

• Editor of a financial magazine

• CEO of a tech company

• Managing director at Drexel Burnham

What was the public reaction to Marc Faber's comments?

• They were celebrated by the media

• They led to his resignation

• They were largely ignored

• They were widely praised