Faber: Forget U.S. Stocks, Buy Gold Every Month Forever

Investment guru Marc Faber recommends buying gold regularly, as central banks monetize their countries’ debt.

“I think everybody should accumulate gold over time,” he told CNBC. “I’m not saying today is the best buying point, but I recommend people buy gold every month forever.”

Gold hit a record high of $1,226 in December and has since slipped about 8 percent.

The Federal Reserve will crank up the printing press to pay for the country’s exploding debt burden, says Faber, editor of "The Gloom, Boom & Doom Report."

“(Gold's) quantity cannot increase at the same rate as you can print money, which will eventually weaken the U.S. dollar,” he said. (more)