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Tuesday, July 5, 2011

The US dollar will eventually go back to its intrinsic value namely ZERO

Dr Marc Faber in a recent interview with CNBC said that 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.

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Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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