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CNBC Strategist: 'You'd Better Own Some Gold'

CNBC.com | Jun. 30, 2009

 
 
 

Stock markets are set to log their best quarter in 10 years. Should investors pour their money into equities?

David Tice, market strategist at Federated Investors, offered CNBC his insights.

Tice does not believe markets have turned a corner, but are merely seeing a rally in a bear market.

"Fewer companies are experiencing declines, but not really more companies are experiencing increases," he said.

Things aren't really getting better, but only "less worse," said Tice.

His advice to investors:

"Think about being short stocks, or owning puts." He added that "gold stocks represent a great place to be."

Tice had some sobering words about Ben Bernanke's leadership of the Federal Reserve:

"Any country where the central bank head is called 'Helicopter Ben,' you better own some gold," Tice said.

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