'The next time we have a global economic crisis it will be much worse than in 2008. There will be money printing and war. The whole system will collapse. You don't want to own government bonds and cash. Equities don't do well, but at least you still have the ownership of companies. Precious metals do well in that environment, and so does oil,' said Mark Faber, publisher of the Gloom, Boom, and Doom Report.