New Delhi, Feb. 6 -- As gold and silver prices slide sharply from recent peaks, veteran investor Porinju Veliyath, also known as the czar of small-cap stocks, said he had no regrets about staying away from precious metals, calling them sentiment-driven assets with no underlying fundamentals.

"Investors need to be cautious on vague and speculative assets like gold, silver, bitcoin etc which have no fundamental values but are driven by sentiment and market frenzy," Veliyath said, adding, "Discl: never regretted for staying away."

The small-cap investor shared his view in a post on X, cautioning investors against chasing what he described as vague and speculative assets that move primarily on market frenzy rather than intrinsic strength. ...