In a recent CNBC interview, Danny Moses, Vincent Daniel, and Porter Collins—known for their successful bet against the housing market before the 2008 financial crisis—discussed gold as a top investment. Collins, a co-founder of Seawolf Capital, argued that many American investors don’t hold enough gold. He pointed to big purchases by global central banks and the U.S. budget deficit as key reasons for their positive view on gold. Collins believes that as the value of money falls, gold will likely do better than U.S. Treasurys over time.
Gold futures have risen about 15% in 2024 but are still below the record high of $2,488.40 from mid-July. Daniel highlighted gold’s strong historical performance, which supports the investment ideas in his firm’s latest shareholder letter. Although Daniel and Collins are unsure about the overall market due to current economic changes, they continue to invest heavily in gold, gold mining stocks, silver, platinum group metals, and Bitcoin. This approach is part of their strategy to protect against potential dollar loss, a central theme in their investment philosophy.
Danny Moses, founder of Moses Ventures, is also optimistic about gold and holds a significant stake in the Sprott Physical Gold Trust. This fund, which offers direct exposure to physical gold, has gained 16% this year. Moses’ backing of the Sprott trust highlights gold’s role as a shield against economic instability and a potential source of strong returns. These investors’ shared focus on gold shows its perceived value amid ongoing economic challenges and changing market conditions.
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