Why This Lithium CEO Is 'Heavily' Invested In Gold

KITCO NEWS -- Although he is focused mainly in the lithium space, LiTHIUM-X CEO Brian Paes-Braga says he is also "heavily" invested in gold. "It's had a good run this year, I think it'll take a little bit of a breather," he told Kitco News at the Mines & Money event in Toronto. "But, with the Fed keeping interest rates idle, which I think will continue, I think the U.S. dollar is going to come off a bit and that'll be good for gold." According to the young CEO, the lithium space also has huge growth potential, noting that the consensus is calling for the market to triple over time.

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.