NYC Fund Manager: “Monetary Policy Is Faulty Here, So It Supports Having Gold”

(Before It's News)

by Tekoa Da Silva
Bull Market Thinking

This afternoon I had the chance to speak with a NYC precious metals and mining equity fund manager, whose total firm assets exceed$10 billion. While he cannot be referenced at this time, it was a fascinating conversation that’s worthy of sharing.

When asked how he’s been able to maintain such a calm composure during this bear market, he said, “If anything I’m rather gleeful about the investment opportunities here. Other people’s anxiety is our opportunity. I guess I’m a little more gleeful than others who may be despondent about their long positions, but we have a much longer view…Our approach to gold is investing for the long term.”

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