Exactly a year ago, David Tice co-founded the hedge fund Morand-Tice Capital Management, which focuses on working with precious metals and mining stocks. The expert is a longtime fan of gold and silver. In his opinion, there is now a good opportunity for investors to buy gold and silver for their investment portfolios.
“Look at the lack of discipline in the financial markets. Gold is the asset that you need to have in the face of chaos, ”- this opinion was voiced by Theis. "For 5,000 years, gold and silver have proven themselves as defensive assets against the depreciation of fiat currencies."
“I advise you to buy gold, including in the form of shares of companies that are involved in the extraction of gold and silver. Quotes of such shares are at a very low level, but at the same time they have a very large upside potential from 15% to 20%, even with the current low price of the yellow precious metal, ”the expert said. “We believe that the price of gold may rise by 20%, then the return on investment will be even higher for investors. Therefore, investors should pay attention to this way of investing capital. "