"What I want to do actually in the context of this bubbly stock market is invest in the areas that are not bubbly and that have a lot of catch-up potential," he said. "They do exist.", which just completed its best year in a decade. Rosenberg views it as a safe haven asset.
"It has 1/5 of the volatility that bitcoin does," Rosenberg said. "I've been very bullish on gold, and I remain bullish on gold." The precious metal ended the year at $1,895.10 an ounce, a fraction of a percent below all-time highs. Disclosure: David Rosenberg is in the process of buying SPX puts. He owns energy and pipelines and gold.
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