Marc Faber on Bloomberg, October 26, 2009.
Your cash purchasing power diminishes over time, like the US Dollar is weak. That’s a symptom of inflation. To have deflation really in the system you would have to have a strong currency. As long as the currency is weak that’s a symptom of inflation.
The worst investment in an inflationary period where you print money and have large fiscal deficits are of course government bonds, long term bonds, and then cash.
The best is to have foreign currencies and commodities, but also equities that protect you to some extent because they adjust upwards as the currency goes down.
It [US dollar] will go to a value of exactly zero, eventually…
Watch the Marco Faber October 26, 2009 interview: