Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One Day”
“You ought to own some gold but don’t store it in the U.S., the Fed will take it away from you one day,” Faber astutely noted.
He said that Bernanke is a money printer and this could lead to massive inflation and the Dow Jones at 20,000, 50,000 or 10 million.
Faber cheerily predicted that the “the Federal Reserve’s monetary policy will destroy the world” and “eventually we will have a systemic crisis and everything will collapse.”
Faber’s long term historical financial and economic perspective remains astute.
The full interview is a must see and can be seen in our commentary section today.