David Tice: A 10 to 30 percent market drop could hit an overly bullish Wall Street
“‘The market on a risk reward basis is dangerous,’ he said. ‘We do feel as if individuals ought to cut back their equity exposure. Instead, Tice recommends buying gold, an asset he holds. ‘I’m a believer that gold represents true money. We are in a fiat money world, and it’s dangerous not to have some gold in your portfolio,’ Tice said.”
USAGOLD note: Tice adds his name to the long list of fund managers hedging their exposure to stocks with an investment in gold.
Repost from 2-8-2018