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Gold is about to rally – be ready for higher prices says investor

The widely respected investor, Michael Burry, often known by his nickname of ‘The Big Short’ has confirmed his pro-bulls stance in comments this week, saying that gold is on the cusp of a rally to the upside.

Burry made a name for himself by accurately predicting the U.S. mortgage crisis and backing GameStop before share prices exploded, meaning his opinions make people take note.

Taking to Twitter, the investor referenced both gold’s 8% increase in November and the collapse of the crypto exchange FTX which descended into ‘unprecedented’ chaos this week. Burry told his more than one million followers that the time is now for gold, writing “Long thought that the time for gold would be when crypto scandals merge into contagion” suggesting he has been expecting exactly this scenario for a while.

Heed his advice. Buy now.

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