Marc Faber: Future Value of US Dollar Will Be Zero

Investor Marc Faber joins CNBC to discuss currency positions and the long term future of the US dollar.

Faber thinks we’re in a contest for the ugliest currency. He says a huge overhang of US dollars exists globally, and suggests gold and silver as the best currencies. Faber believes the US dollar could rebound in the short term, but maintains his long term prediction that the value of the US dollar will drop to zero.