Marc Faber : precious metals will continue to perform reasonably well over the next years

Marc Faber :"...I have cash and because I am in the investment business, I benefit when markets go up. So my asset allocation into equities does not have to be as high as, say, somebody else’s is.

If I put a gun to your head and if I tell you, ‘Marc, lock a trade for next three years, only one trade, long/short you take your pick but only one trade,’ which will you open and keep it open for next three years? Identify that golden trade for us.

In three years or 10 years time, precious metals will be higher than they are today. But we may have a correction coming in the next, say, three months. But in general, when I look at the risk and the reward, it is very likely that precious metals will continue to perform reasonably well. But if S&P drops to around 950, then the Fed will again massively ease and print money. So the surprise could actually be that in nominal terms, equity markets actually go up. They may not go up in gold terms, but they may go up quite strongly in nominal terms. So I would not be overly bearish about equities. ..."
in www.economictimes.indiatimes.com