He suggests that gold and silver are currently acting as a 'flight to safety' asset because of an imminent dollar and financial crisis.

“says there's an imminent dollar and financial crisis that's about to happen and that's why gold is skyrocketing, silver's skyrocketing, precious metals are skyrocketing cuz now those are the flight to safety.”

Mitch Krebs asserts that silver and gold mining stocks are currently undervalued relative to current spot metal prices.

“In fact, you know, you plug in current spot prices into our model or into any company and you know, stocks are cheap on that basis.”