David Tice of the Prudent Bear Fund Says to Buy Commodities, Not Hoard Cash - Savings - Checking - CDs Article - oil, gold, gas

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David Tice of the Prudent Bear Fund Says to Buy Commodities, Not Hoard Cash

Article Submitted by: JRodgers
Savings - Checking - CDs

Tags: Oil, Gold, Gas, Silver, Commodities, Market bear, David tice, The prudent bear fund.

This perma-bear, who has been right much more than he has been wrong over the last several years, says that the stock market will go 20-30% below the March lows. He also says that holding cash is a bad strategy.

Submitted: Jul 14, 2009 Views: 165 Comments: 0 Likes: 2

Tice says that commodities and commodity stocks are going to decouple from a collapsing market if we have massive inflation which he is predicting for later this year. He says that he would avoid locking his cash up for any length of time, instead he would put his money into these large commodity names as well as gold and silver.

I don't agree with his dire predictions, and I also am not certain that commodities aren't due for a strong near team correction. Nevertheless, when I look over to the right on BestCashCow.com's rate listings, it is hard to fault him. What is the point of locking up money over 18 months at no more than 2.30% when British Petroleum at 46 is going to give you more than a 6% yield?

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