Dr. Marc Faber, the author of the “Gloom, Boom & Doom Report,” may be best known these days for making bold predictions. And this week, he made another. In short, the not-entirely optimistic Faber told a CNBC audience that there are “better alternatives than U.S. stocks.”

More specifically, Faber said that investors should buy some gold each and every month. “I think everybody should accumulate some gold over time. I’m not saying today is the best buying point… I would recommend for people to buy some gold every month, forever.”

Faber’s main point is that the current love affair with the printing press seen in so many of the world’s major economic powers will cause the value of these currencies to fall over time. Yet on the other hand, Faber reasons, “(Gold's) quantity cannot increase at the same rate as you can print money.”

In an interview with David Faber (no relation) on CNBC, Marc Faber said, “I’m not saying that the dollar will go straight away down because other currencies like the euro are even worse at the present time," he added. "But eventually if you print money, the purchasing power will lose [value]."

Part of the reason Dr. Faber is bullish on gold from a long-term perspective is he is not overly optimistic on the outlook for the U.S. economy, and in turn, the U.S. dollar. Faber told Faber, “If you compare the Depression years, we didn’t have credit cards and we didn’t have unfunded liabilities from Social Security, Medicare, and Medicaid,” he said. “In other words, in 10 years time, between 30 to 50 percent of tax revenues will be spent on interest payments on the government debt...and that will lead to a weak dollar.”

Thus, the formula for success in Faber’s mind is simple: a weak dollar, which is almost assured, will lead to higher gold prices. So forget about “timing” and just buy the yellow metal each and every month.

On the subject of the stock market, Dr. Faber is not negative on all the world’s stock markets. While it sounds like he wouldn’t touch the U.S. stock market with a 10-foot pole, there are stock markets around the globe that Faber likes.

"If you believe in equities, I would rather buy Vietnamese shares than U.S. shares because the economy there will grow much faster than in the US," Faber said. "Or I would buy Indian, Chinese, Malaysian shares."

So, while Faber may not qualify as a gold bug per se, his macro arguments for the idea of accumulating some gold would seem to make some sense. As long as, of course, you have a safe place to store the stuff and no need for the cash value of the investment anytime soon.

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