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Prophet Bernanke Plans for Inflation

Marc Faber has been talking about inflation for a while. Here is what he said in June. Had you bought commodities in June, Prophet Faber would have led you to 30 - 80% losses, depending upon what commodity you bought. And if you bought Japanese stocks, his other recommendation, uh oh...

"By Patrick Rial and Lynn Thomasson

June 24 (Bloomberg) -- Japanese stocks, Asian real estate and commodities are investors' best bets as faster inflation erodes returns in the rest of the world's markets, said investor Marc Faber, author of the Gloom, Boom & Doom Report.

``Demand for commodities and oil will not vanish.'' Faber said at a conference in Tokyo. ``The shift in demand that drove up commodity prices is not going to go away.''

Record prices for commodities have accelerated inflation around the world and lifted shares of raw material and energy producers. Oil more than doubled since the beginning of last year, while products including coal, rice and fertilizer also reached record highs in 2008.

Faber, who told investors to buy gold as the metal began a seven-year rally, predicted inflation may boost Japanese share prices and Asian property will benefit as more people gain access to mortgages.