Marc Faber: Own Gold – ‘Don’t Store It In The U.S., The Fed Will Take It Away From You One Day’

Faber is on record as to the importance of owning physical gold and he again warned about the importance of owning gold but not storing it in the U.S.

“You ought to own some gold but don’t store it in the U.S., the Fed will take it away from you one day,” Faber astutely noted.

He said that Bernanke is a money printer and this could lead to massive inflation and the Dow Jones at 20,000, 50,000 or 10 million.

Faber cheerily predicted that the “the Federal Reserve’s monetary policy will destroy the world” and “eventually we will have a systemic crisis and everything will collapse