"The governments of every developed economy will eventually default on their sovereign debts, so the one thing I will never do in my life is 'sell my gold'. Potential defaulter include the US, the UK and Western Europe.
"I'm convinced the US government will go bankrupt, but not tomorrow, and before they do they will print money , you'll get a depression with very high inflation rates."
Marc Faber Speaking at Russia's Troika Dialog Forum in Moscow early this year
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