David Erfle: Cash Position Never Larger, Chaos and Volatility Ahead

For Erfle, interest from generalist investors is the key missing ingredient, but it may finally return this year.

‘That’s what we need — we need to get that generalist investor interest back into this sector. They left in 2012, 2013 and they haven’t returned,’ he explained during the conversation.

‘That’s created this incredible opportunity in gold stocks, and especially in juniors. We’ve got a lot of them that are bifurcating higher and doing well, but most are still underowned and definitely being ignored by the generalist investor.’

Even so, Erfle suggested that market participants be cautious in 2025.

‘Be very careful this year in this market. Build up some cash, have some physical gold, have some junk silver just in case,’ he said. ‘Personally, as far as my investments are concerned … I’ve never had a cash position this large before, because I’m really concerned about the volatility and the chaos that I think 2025 is going to bring.’

Watch the interview for more of his thoughts on gold and silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.