More significantly Faber stresses that he does not trust the banking institutions;
He affirms that the U.S. by no means truly came out of a recession as well as blames the Fed to get a great amount of the monetary woe presently plaguing America. And, contemplating the crises in the U.S. as well as Europe, Faber thinks there's small hope that we'll recover in the dismal scenario we're in.
Nevertheless, he does forecast some rallies for the stock marketplace...even though the upside is not likely to have a long-term influence.
Faber's long-term outlook does not look encouraging. He believes the standards of living in the U.S. will go on to decline over the next decade. Our recommendation is to buy gold and buy silver today to protect your assets from economic chaos and devaluation. How high will silver go? Learn more >> http://silverpricestoday.cc/KITCO-SILVER/