Jean-Marie Eveillard, the senior adviser of First Eagle Funds, remains a fan of gold and touts it as a good insurance bet.

Eveillard, a value investor, says that Asia remains a safe haven, especially in Japan where some stocks are “undervalued.”

“And there are world-class, industrial businesses in Japan where I think the stocks are undervalued simply because nobody, either the locals or the foreigners, is really interested in Japan,” he told Forbes.

Chinese stocks which are listed in Hong Kong are part of Eveillard’s portfolio.

“Because from an accounting standpoint, we're better protected in Hong Kong. Looking out five to 10 years or more, there is very little doubt in my mind that the East is rising and the West is declining. That does not mean that there will not be investment opportunities in companies in the U.S., in Europe or in Japan,” he said.

The American and British consumers are “tapped out,” leaving a weak outlook on consumer spending for the next three to five years, Eveillard said.

Asia’s economy remains strong since both corporations and consumers are not leveraged, he said.

Other investment opportunities lie in Brazil and potentially in central Europe, Russia and South America, Eveillard said.

Commodities represent the next bull market says Don Luskin, Chief Investment Officer of Trend Macrolytics, in an exclusive interview with Dan Mangru of Newsmax TV Money.

Some commodities, such as gold and silver, are pure inflations plays, he says. And others, such as oil, are plays on the industrial cycle.

“We could find ourselves in a world with very high inflation and very slow global growth, where the oil price goes nowhere, while the gold price goes to $2,000,” Luskin says.

“So if it’s inflation you’re betting on, why not just bet on the inflation play par excellence, gold?”