“Nobody wants to accept that budget cuts because everybody lives from that, so essentially the fiscal deficit will stay very large, and it will mean that over time the U.S. dollar will lose its purchasing power, more money will have to be printed, more quantity of easy measures will have to take place, and so forth.” - Beacon Equity
Tickers: SPDR Gold ETF (GLD), IShares Silver ETF (SLV)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
