Jan 16, 2011

Marc Faber says the dollar is no longer a unit of account

If you measure the stock market not in dollars but gold, it is down 80% since 1999. I no longer regard the U.S. dollar as a valid unit of account. People shouldn't value their wealth in dollars because one day, in dollars, everyone will be a billionaire.

~Marc Faber, investor and author, The Gloom Boom Doom Report, Barron's magazine 2011 Barron's Roundtable, January 15, 2011

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