“The only thing I’ve really done recently is I added to my gold position about two months ago, and I bought some gold-related equities.” “But other than that, I’ve done very little because I believe that in this extreme volatility where markets suddenly drop 10%, individual stocks drop 10% or 20% in one day – it’s a very difficult environment to make a lot of money unless you take huge risks.”

“Gold hasn’t done that badly, it has done actually better than stocks … I’m not a prophet, but I’m telling you I want to own some gold because I don’t trust the financial system anymore.” 

-recently on CNBC