Gold has always been a popular investment choice for many investors, and recently, “The Big Short” traders Danny Moses, Vincent Daniel, and Porter Collins have shared their bullish outlook on the precious metal. These investors, known for their successful bet against the housing market before the 2008 crisis, believe that Americans do not have enough gold in their portfolios.
At Extreme Investor Network, we agree with their assessment and believe that gold can be a valuable addition to any investment portfolio. In a recent exclusive interview on CNBC’s “Fast Money,” Collins highlighted the reasons to buy gold, including massive central bank buying worldwide and the U.S. budget deficit. He mentioned that the value of the dollar is continuously decreasing, making gold a more attractive long-term investment compared to U.S. Treasurys.
Gold futures have seen a 15% increase in 2024, but they are still below their all-time high. Despite the uncertainty in the market, Daniel and Collins remain optimistic about gold and have continued to hold a significant position in gold, gold miners, silver, platinum group metals (PGMs), and even Bitcoin.
Moses, who is the founder of Moses Ventures, also shared his bullish outlook on gold, mentioning a large long position in the Sprott Physical Gold Trust. This exchange-traded fund provides investors with exposure to gold without the need for a direct investment in physical gold bars.
At Extreme Investor Network, we believe that gold remains a lucrative investment opportunity, especially in times of economic uncertainty. With the backing of experienced traders like Moses, Daniel, and Collins, now is a great time to consider adding gold to your investment portfolio. Stay informed and stay ahead of the market trends with Extreme Investor Network.