After warning about all the "money-printers of this world" and suggesting that people invest in gold and silver, because precious metal prices will rise "under any scenario," he added this:
"And as a special tip, I think I would short the Australian dollar, because talking about a housing bubble, Australia has 10 times a bigger bubble than China," Faber said. "In Australia you have what you said we dont really have in China, namely the low leverage that we have in China, we have the opposite in Australia, very high household leverage. So I think a big downfall is about to happen."
