In this kind of high volatility , if you have cash you can then buy assets at a reasonable price.

Marc Faber : “My argument is that you should always have in this kind of high volatility environment a fair amount of cash because opportunities will always arise again and again and if you have cash you can then buy assets at a reasonable price. I think Patience is very important in this environment. The question is, how do you hold your cash? Hopefully not with a Cyprus bank.” - in Bloomberg