Buy Stocks Because US Dollars Will Be Worthless

Faber ultra-bearish on the long-term fundamentals of the U.S. market bullish on mining and energy companies

Faber sees plenty of money-making opportunities in stocks. Sure, prices aren't as cheap as they were in March, yet he's confident, "in this environment cash will become worthless." As a result, he says investors are, "better off being in equities," for the next two to three years.

Faber is most bullish on mining and energy companies. He recommends:

* Newmont Mining and FreeportMcMoran as relative inexpensive. He also mentions Nova Gold, as another, more speculative buy.
* In a contrarian call, on natural gas, he says Chesapeake Energy will be a winner when prices eventually rebound.
* Oil giant ExxonMobil is another stock he thinks offer good value. Source TechTicker