Marc Faber, purveyor of the Gloom, Boom, and Doom Report, thinks that just two of those three characteristics will apply to long-dated U.S. government debt in the period ahead.

Not surprisingly, Faber thinks precious metals are a good place to put your money and he’s bullish on India stocks but not for Chinese shares. On China’s gold problem (i.e., wanting to buy more without driving the price substantially higher), Faber notes the following:

They have the intention to accumulate gold and silver, but, because the Reserve Bank of India bought gold at $1,050, it would be a loss of face to pay more for gold than the Indians paid. So, I think they kind of missed the bull market because they want to increase their gold holdings, but they just don’t know about or aren’t sure about the timing.