Financial conditions are today worse than they were prior to the crisis in 2008

Marc Faber : Financial conditions are today worse than they were prior to the crisis in 2008, The fiscal deficits have exploded and the political system [in both the U.S. and Europe] has become completely dysfunctional. - in MarketWatch

Gold is destined to move higher

Marc Faber : Gold is likely to correct, possibly by $100 or $150, but I continue to recommend gradual accumulation. As long as the trio of Obama, [U.S. Treasury Secretary Timothy Geithner] and Bernanke are in power, gold is destined to move higher. Long-term U.S. Treasuries are of no value. They will default by paying interest in a worthless currency. - in Baron's Blog

I am not buying anything right now

Marc Faber : I'm not buying anything right now. But if stocks dropped another 10% to 20%, I might add to the positions I mentioned in the Midyear Roundtable. - in Baron's Blog

I am not that negative about Equities

Marc Faber : “I’m not that negative about equities,” “If you’re bearish about the world, you’ll probably be better off in equities than in government bonds and cash.” - in ibtimes.com