Faber recommends precious metals and Commodities to hedge against declines in the US Dollar

Equity prices could rise quite substantially id the dollar remains weak says Marc Faber

Faber told Bloomberg Sept 09
“If the dollar is weak, there is a very good chance that equity prices could rise quite substantially,” Faber said. A weaker dollar is “good for asset prices.”
“The dollar will continue to implode against commodities. I don’t

see why someone would hold dollars and not own gold. More and more people will come to the realization that they have to own some resources, some commodities, some mining companies and some physical precious metals.”
“I don’t think consumption will come back,” he said. “I don’t think there is much of a recovery. You have to differentiate between the stock market and economy activity.”

Source Bloomberg