I said on Monday that Marc Faber was, by and large, in favour of keeping his money in his pocket, and a quick Google News trawl shows that his mind hasn't changed:
Stocks, Real Estate and Oil Are Overvalued, Marc Faber Says
Why rising inflation will trigger a bond market rout
Cambodia Starts to Beckon Private Equity
For investors, Cambodia could be the next Vietnam
The last is interesting. I have suspected for some time that Dr Faber lives in northern Thailand, not simply to hide in Shangri-La but to be nearer to the places where real bargains may be found, and so that his hunches can be informed by personal networking and under-the-radar experience. Quirky and fast-moving, he would not be the man to manage a large institutional fund: I think his lightning ex-ski champ reflexes demand more challenge.
An after-thought: if you do think cash is best, there's still the question of which currency.