Investors should consider looking at precious metals, head of AllStarCharts.com believes

JC Parets, founder and CEO of AllStarCharts.com, has changed his view on gold. In the past, he was indifferent to this asset, but recently he has taken a bullish stance on the yellow metal.

According to Parets, instead of investing in the uncertain stock market, investors now need to look at the precious metals sector. They should examine this asset class closely for investment opportunities.

Parets said that gold is currently the best option for investors looking for alternative investments in a turbulent market. According to him, this metal is now ahead of all other options, although previously, this topic was not important for investors during the period of "rampant money printing."

He also spoke about his views on silver. Parets shares optimism about this metal, too, because he is bullish about the gold market. As the expert explained, if gold performs well, silver will perform better, and this rule works both ways.

As it was summed up by the expert, investors should prepare for the coming difficulties in the economy, and it requires a solid investment plan to do that. He said that this plan should be made before the government officially announces a recession because otherwise, it might be too late.