Cuggino Favors U.S. Energy Companies, Gold, Treasuries

July 29 (Bloomberg) — Michael Cuggino, who helps manage $13.5 billion at Permanent Portfolio Funds in San Francisco, talks about his investment strategy for U.S. stocks, Treasuries, and precious metals. Cuggino also discusses the impasse over raising the U.S. debt limit and its implications for the country’s credit rating. Cuggino speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)