However, "over the last 12 to 24 months, many sectors have had huge declines,...And I see here, there are some opportunities."

"...US markets are over-valued."

Faber also added that "I still think the mining sector has embarked on a new bull market."

"[The U.S. dollar] is not a desirable currency," Faber explains, "I think the most desirable currency will be gold, silver, platinum and palladium."

"I don't understand why the world is so enthusiastic about the US Dollar...in the long-run the US dollar will be a weak currency."