The record high that silver hit on Thursday underscores a key point that billionaire investor Jeffrey Gundlach made this week: People are flocking to “real” assets rather than speculative alternatives like cryptocurrency.
The DoubleLine Capital CEO and chief investment officer also noted on a webcast Tuesday that his firm, which slashed its gold holdings several weeks ago, “turned positive” again on the precious metal this month.
More broadly, Gundlach offered his latest analyses on the financial markets, the economy and consumer sentiment, now and for 2026 and beyond, and discussed his concerns over the booming private credit market and what big-tech corporate bond market trends might portend.
He also appeared Wednesday on CNBC to discuss similar trends after the Federal Reserve cut its benchmark interest rate by a quarter percent to a 3.5% to 3.75% range. The cut at long last aligns the federal funds rate with the yield on 2-year Treasurys, Gundlach noted.
Gundlach considers comments surrounding the cut more dovish than people expected, although he expects Fed Chair Jerome Powell to leave his post next year without trimming rates again.
“It’s been a wonderful year for financial assets broadly,” he said on CNBC, noting gold’s climb, strong investment-grade bond returns — many low risk bonds have returned 8% — and stock gains. U.S. markets have done well, foreign markets even better, he noted.
See the gallery for 13 takes from DoubleLine's co-founder on what he sees for markets and the economy in 2026 and beyond.
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