He is convinced government bonds are going to be useless in the near future because government authorities will default. If they don't default, the government will have to print such an abundance of cash, that the purchasing power of all types of fiat currencies will deplete quickly.
Sure, when given the choice of getting bonds, Faber would take U.S. bonds over Spain's or Italy's. However, when given the choice to have bonds, real property, equities, or commodities, Marc Faber stated he would much rather have gold and silver, commodities, as well as equities making up the bulk of his investment portfolio. My recommendation is to buy gold and buy silver today and hold for the long term. How high will silver go? Learn more >> http://www.silverpricestoday.cc/KITCO-SILVER/
