I dont believe a single word of what the Bureau of Labor Statistics is printing about inflation figures

Marc Faber : “Weak economies usually have higher inflation rates than stronger economies,” . “In weak economies you have loose fiscal policies and money printing. And the U.S. is the world champion in loose monetary policies. I don’t believe a single word of what the Bureau of Labor Statistics is printing about inflation figures. “Paper money has lost its value,” “Hyperinflation is the pattern to come.” - in ibtimes.com

U.S. government bonds are junk bonds

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

Physical Gold in a safe deposit box is the safest

Marc Faber : “The function of paper money is to facilitate the exchange of goods and services, to be a store of value and a unit of account — the U.S. dollar fails on all three,” “Intelligent people, instead of holding cash in U.S. dollars with zero interest rates, why not hold money in gold and silver?” And as a currency, gold should be held in its physical form and not in shares of gold miners or even exchange-traded funds. That would rule out popular vehicles such as SPDR Gold Trust or iShares Gold Trust Be sure to store your gold in banks in Switzerland, London, Singapore, Hong Kong, Australia — just not in the U.S., Faber said. “Physical gold in a safe deposit box is the safest,” . “Forget about huge capital gains. I would look at capital preservation. I want to preserve my capital. Faber added - in MarketWatch