Bitcoin vs. Farmland

 "Farmland is up 10 times over the last 10 years," Faber said. "And bitcoins are up now and who knows what next will go up."

Faber said on Squawk Box yesterday Click here to watch the full interview >>>>>>

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber

Marc Faber : Farmland is still relatively inexpensive

Marc Faber : ...When I came in 1973 to Hong Kong I thought that property prices are very high here compared to say Switzerland and they were very high , and every year basically with few exceptions property prices have continued to go up , I think farmland relatively speaking is not terribly expensive , can there be a set back , yes may be you buy today a farm and you lose 20 percent of your money , but to lose 20 percent of your money is better than to lose everything , so I think that people today investors need to diversify they need to own some real estate they need to own some farmland they need to own some equities some cash and some precious metals - in CNBC

Marc Faber : warns to avoid bonds , and to invest in gold, farmland and art

"When the turn comes and inflation and rates rise, all the money in bonds will move into equities."
"At some point people won't want to be compensated at two percent in bonds, and will put money into stocks. Government bonds will not be a good investment for the next 10 years."
in newsblogs.chicagotribune.com