bullmarketthinking.com / By Tekoa Da Silva / March 15, 2013
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.”