Peter Grandich, one of the most sought-after investment authorities, revealed in an interview with Kitco that he is 100% long on Uranium, Gold, Silver, and Copper stocks. In a blog post, Grandich revealed that he sold various positions at a loss to invest in the Arizona Metals Corp. AMC is currently up by 8.36%.
While Copper and Gold prices are currently down, Grandich recently revealed that to be a victim of the general selloff rather than its cause.
Peter’s Stance On Crypto
Grandich also revealed that he would not even consider investing in cryptocurrencies, which he has previously called the Tulip Mania of the 21st Century. Bitcoin is currently trading at $19,745, significantly down from its all-time high of $ 67,500.
Peter Grandich revealed last year that he is not interested in owning any general equity, bonds, or crypto. Grandich does however believe that blockchain technology has real potential. He believes that blockchain will result in some high potential companies, similar to the internet bubble.
Grandich Predicts Recession, Housing Crash
In the interview, Grandich revealed that a housing crash would be the next domino to fall in the “everything bubble” after bursting in stocks, bonds, and cryptocurrencies. He expects a 20%-40% housing crash at a rapid pace.
