Marc Faber : “It’s a suicidal investment to own 10-year or 30-year U.S. Treasurys,”
“U.S. government bonds are junk bonds,” “As long as they can print, they can pay the interest. But another way to default is to pay the interest and principal in depreciating currency.
“For that reason I would advocate a wide basket of diversification out of dollar-based assets,” “The dollar may rally somewhat, but clearly in the long run the dollar and other paper currencies — the euro is not much better — will have a depreciating tendency vis-a-vis honest money: gold and silver.” -
in MarketWatch
