Faber : I think it’s too late to Buy US Stocks

I think it’s too early to move into emerging economies, and I think it’s too late to buy US stocks. They (US stocks) may go up another 10%, maybe even 20%, but the risks have increased significantly and I don’t think equity investors in the US, aside from a short-term trading opportunity, will reap very high returns in the future. Now, compared to equities in emerging economies and equities in the US, what is really incredibly depressed are mining companies. My preference has always been to own physical gold, but I have to say that at this level the mining companies are relatively good values. - in businessinsider