Author and publisher Marc Faber appeared on CNBC to discuss several topics such as global equities, gold and current economic conditions in the U.S and abroad.Faber is expecting a trading range for the rest of the year with a slight dip coming in the next month or so followed by a rally to close out the volatile. According to Faber, one of the most important decisions asset allocators face is where to invest their money when interest rates are at near zero. Faber states that dividend yields will attract investors into equities and cause a possible rally.

"I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks." (video 7:28)