I think gold and especially gold equity is "relatively" inexpensive. You understand with zero interest rates you misprice all the asset. It is difficult to make a judge what is a cheap asset in absolute terms. Nothing is inexpensive in the asset markets anymore but gold and silver are relatively inexpensive. The S&P is relatively high.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.