“I would say if I had to turn anywhere where the opportunity for large capital gains exists and the downside risk in my opinion is limited, it would be the mining sector, specifically precious metals,” Dr. Marc Faber told Bloomberg TV. recently .
“Commodities may still go down for a while but I don’t think they will
go down forever. I would rather focus on precious metals [such as] gold
silver and platinum because they don’t depend on industrial demand as
“In terms of relative value I don’t think emerging markets are cheap
cheap but I think the return expectation I would have over the next
seven-10 years by investing in emerging markets would be much higher
than say U.S. stocks,” Faber said.
“The U.S. market is overhyped and expensive in terms of valuation from a historical perspective.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.