Top quality presentation by Faber given to hedge fund managers. I enjoyed watching this. Very educational for those learning the ropes and I thought also worth watching for some of us older dogs.
Discusses why he thinks a deflationary collapse is unlikely, why currencies will be devalued much further, why gold and equities are an important inflation hedge rather than sitting in cash, etc. His view on equities is despite his bearishness on the world economy and currencies.
Well worth watching for those that feel they should give up on everything. you will need 47 minutes if you want to watch it.
http://www.youtube.com/watch?v=65SH35IMzlI
ABU Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)