Noted investor and publisher Marc Faber believes that the United States will ultimately experience inflation rates that approach the extremely high levels seen in Zimbabwe during the past year:
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
Faber has been a long and consistent advocate of gold as a preferred investment.
Source: Bloomberg
Glossary:
Key Phrases:
- Log in to post comments
