Faber: The Most Underappreciated Asset is CashCNBC
May. 09, 2014
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Dr. Marc Faber is an international investor known for his uncanny predictions and memory of the stock and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil. He is the publisher of the Gloom, Boom and Doom Report. He is also fond of schooling the Wall Street media talking heads on economics and financial systems.
In the following video he discusses why cash is the most underappreciated asset -- certainly for the next 6 months. He says: 'The most underappreciated asset is cash. Nobody likes cash. Cash for the next 10 years you earn precisely zero. But, Ms. Yellen is a money printer like all the others, and she will make sure that the dollar continues to depreciate in real terms. For the next six months it is the most attractive.I don't want to be in cash either, but opportunities will come along."
When asked why we’re not seeing inflation, Faber launches into some examples in the global market and says “to say there is no inflation is an error’. Case closed. (2:18)