Veteran investor Marc Faber has resigned his board seats at three companies based in Canada on Tuesday following comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people. In his October Gloom, Boom and Doom Report newsletter, Faber wrote, "Thank God white people populated America, and not blacks. 'Zero tolerance'Ivanhoe Mines said in a statement Tuesday that it "deplores" the views about race Faber published in his investment newsletter. Sprott chief executive Peter Grosskopf called Faber's comments in the newsletter deeply disappointing and completely contradictory with the views of Sprott and its employees. Precious metals company Novagold announced Faber's departure, but did not address the comments in his investment newsletter.

Source: CBC News October 18, 2017 01:52 UTC