ETF.com: Do you see value in the emerging market stock market after they’ve come down so much?

Marc Faber: There is value here and there. But in general, considering the slowdown I’m expecting, there’s no hurry to buy these emerging markets. You can wait for another six months or so.
 If you said, “Marc, here’s $1 million. You have to choose, and you can only choose one thing: You can buy the U.S. stock market or you can buy emerging market stocks.” If this was an investment for the next five to 10 years, I would say to buy emerging market stocks.

related:

Marc Faber : Everything is distorted, and it’s a Relative Game

“The global economy is probably already in recession now. It will be more obvious in the U.S. in March or June of next year,” Marc Faber  told ETF.com.

“At that time, the Fed will say, “Well, we didn’t want to increase interest rates, but there was pressure on us to do so. So we increased them, and now we have a recession, and now we have to cut them again and flood the market with QE4,”

“If you said, ‘Marc, here is $1 million, but you have to put everything in either gold or in the Dow Jones,’ then I would say I’d take gold,” he said.

“Everything is distorted, and it’s a relative game. Looking at the fundamentals of the world, including the quantity of money, the magnitude of debt as a percent of GDP, the low economic potential and the mad frame of mind of central bankers and their intellectual dishonesty, I would own gold,”

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.