“Over the last 12 to 24 months, many sectors have had huge declines, and I see here, there are some opportunities.”

“[The U.S. dollar] is not a desirable currency,” said Faber, perplexed why the world has been so “enthusiastic” about the greenback. “I think the most desirable currency will be gold, silver, platinum and palladium. I still think the mining sector has embarked on a new bull market.” (Ed Note: Marc talks about precious metal stocks having declined 80-90% prior to the recent rally)

“I think that in Asia, the sentiment turned very bearish at the end of last year and especially concerning China and the Chinese economy. And as a result of that, Macau gaming companies got slaughtered,” Faber said. “And now they are, in my view, at a relatively attractive level. They started to move up: [Las Vegas] Sands China, Wynn China.” 

“I don’t think it’s a bargain by any means, but I believe China despite its near-term problems that could be very substantial, will in the long run be a very rewarding investment destination.”

….go to Marc’s page to listen to the