Marc Faber, the money manager and Gloom Boom & Doom Report editor who has an excellent track record of market calls, sees severe inflation coming, and says investors should be putting their money in gold and equities — not bonds and cash.

Faber says he thinks we most likely saw the market bottom on March 9, in part because any major drops in the market will be met with more government stimulus. But he also says he has “zero” confidence in the government’s ability to reduce deficits and prevent big-time inflation.

[youtube=http://www.youtube.com/watch?v=wTJ1YdC6ZUk&hl=en&fs=1&rel=0]