He is worried about the reality of more and more people living longer and longer lives (and how they will afford it). He believes the massive influx into index funds is a “serious error” and that the collapse of index funds is “only a question of when.” He sees stock picking as “a dying art” and stock (or fund) picking as a necessity. And he has some advice for investors right now – hoard cash, buy gold and sterling, and invest in this type of stock. For renowned British investor Jim Mellon’s take on the current investing environment, CLICK HERE.