Marc Faber

The outlook for emerging markets is 'far more optimistic' than for developed economies as growth picks up, said investor Marc Faber, who advised investors to buy gold before its eight-year rally.  Among regions, investors should buy shares of Asian nations including Japan on any declines, while U.S. stocks are 'not particularly cheap' in real terms, Faber said.

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China and other emerging markets offer value over the next two years as growth picks up, investor Marc Faber said. Investors should buy stocks and other assets in China after the market falls to its 2008 low to profit from an expected recovery, Faber said in an interview with Bloomberg Television. China is the world’s best-performing stock market this year.

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Marc Faber, who told investors to bail out of U.S. stocks before 1987's so-called Black Monday crash, said oil prices may fall to $100 a barrel as demand slows in a global economy at the 'tail end' of its expansion.

Accelerating inflation and rising interest rates worldwide are likely to dent the value of commodities including oil, said Faber at an investment forum in Sydney today. Real-estate in India and Cambodia were among his favored Asian investments, he said.

Japanese stocks, Asian real estate and commodities are investors' best bets as faster inflation erodes returns in the rest of the world's markets, investor Marc Faber said.

'Demand for commodities and oil will not vanish,' Faber. 'The shift in demand that drove up commodity prices is not going to go away.' Inflation may boost Japanese share prices and Asian property will benefit as more people gain access to mortgages, Faber said. Japan's Topix Index has fallen 8.6 percent in 2008.