Several of the most powerful investment managers in the world – the ones who have hundreds of billions of dollars under their control – are flocking towards just ONE asset with their money…
In fact, some of them are telling investors to SELL everything else and put almost ALL of their money in that one asset.
And now a brand new $100B fund manager is joining this group, and he’s just made a bold prediction about where that asset of choice is headed. And I’ll tell you how to get your hands on it…
DoubleLine Capital’s Jeffrey Gundlach, who manages more than $100 BILLION of investments, is part of the growing group of market experts who believe that stocks are incredibly overpriced.
Gundlach’s thoughts on the matter echo my own, which stem from the fact that stocks are trading at nearly 20 times earnings…and that’s the non-GAAP earnings numbers!
(GAAP means Generally Accepted Accounting Principles, so non-GAAP earnings numbers will exclude big expenditures from costs on a report if it isn’t scheduled to be a consistent cost.)
The more accurate number would be that stocks are trading at roughly 26 times GAAP earnings!
And that’s why big-time fund managers, like Gundlach and Stanley Druckenmiller, are flocking towards one individual investment…
GOLD.
We’ve spoken a lot about gold here at Wall Street Informer, and recommended the precious metal several months back.
What’s happened to gold since then?
It’s done virtually nothing but climb! And Gundlach doesn’t see it stopping anytime soon. Instead he sees gold, which is now at about $1,350, to reach $1,400 before it plateaus.
That’s why he’s recommending that investors hold nothing but gold and cash!
But as you know if you’d followed Wall Street Informer for any amount of time, it’s ALL about timing when it comes to any investment. And for members of Midas Wave Alert, the timing is all done for them!
Check your email for an exclusive invitation to join Midas Wave Alert.
