Post by jeffolie on Oct 3, 2012 11:33:16 GMT -6
PIMCO goes GOLD, hard assets route: fiscal ‘ring of fire’
" ... only gold and real assets will thrive in fiscal ‘ring of fire’ ... "
Bill Gross runs PIMCO a giant bond fund with other less funds. Gross is an insider in the bond market. His predictions at times have been good and others bad ... he seems to enjoy the fame and glory
PIMCO's #2 guy CEO Mohamed El-Erian, often publishes with more respect than Gross.
my jeffolie view: 100% of my family's investment funds are in hard assets such as physically holding metals, collectables, gems, etc. in our possession for the long term as defined by when the price of an ounce of gold equals the DJIA
PIMCO, jeffolie are on the same page for now.
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Bill Gross says only gold and real assets will thrive in fiscal ‘ring of fire’
The latest round of quantitative easing made gold “even more attractive” and owning the metal should be considered as part of a diversified portfolio, analysts at bond giant Pacific Investment Management Co. said in a white paper posted Tuesday on company’s website.
Pimco founder and co-chief investment officer Bill Gross, in his separate monthly investment outlook also posted Tuesday, said only gold and real assets would thrive in a “ring of fire” of U.S. fiscal problems.
Gold elicits black and white responses, the Pimco analysts said. Some investors “have a deep, almost religious conviction that gold is a useless, barbaric relic with no yield,” while others “love it” and see it as “the only asset that can offer protection from the coming financial catastrophe” always just around the corner, they said.
“Our views are more nuanced … Our bottom line: given current valuations and central bank policies, we see gold as a compelling inflation hedge and store of value that is potentially superior to fiat currencies,” the analysts said. ”We believe investors should consider allocating gold and other precious metals to a diversified investment portfolio.”
Everyone at Pimco is on the gold bandwagon these day...and this marketwatch.com piece blogs.marketwatch.com/thetell/2012/10/02/bill-gross-says-only-gold-and-real-assets-will-thrive-in-fiscal-ring-of-fire/ . But if you want to go directly to PIMCO's "white paper" that the MarketWatch article talks about, the link to that is www.pimco.com/EN/Insights/Pages/Damages.aspx
" ... only gold and real assets will thrive in fiscal ‘ring of fire’ ... "
Bill Gross runs PIMCO a giant bond fund with other less funds. Gross is an insider in the bond market. His predictions at times have been good and others bad ... he seems to enjoy the fame and glory
PIMCO's #2 guy CEO Mohamed El-Erian, often publishes with more respect than Gross.
my jeffolie view: 100% of my family's investment funds are in hard assets such as physically holding metals, collectables, gems, etc. in our possession for the long term as defined by when the price of an ounce of gold equals the DJIA
PIMCO, jeffolie are on the same page for now.
================================
Bill Gross says only gold and real assets will thrive in fiscal ‘ring of fire’
The latest round of quantitative easing made gold “even more attractive” and owning the metal should be considered as part of a diversified portfolio, analysts at bond giant Pacific Investment Management Co. said in a white paper posted Tuesday on company’s website.
Pimco founder and co-chief investment officer Bill Gross, in his separate monthly investment outlook also posted Tuesday, said only gold and real assets would thrive in a “ring of fire” of U.S. fiscal problems.
Gold elicits black and white responses, the Pimco analysts said. Some investors “have a deep, almost religious conviction that gold is a useless, barbaric relic with no yield,” while others “love it” and see it as “the only asset that can offer protection from the coming financial catastrophe” always just around the corner, they said.
“Our views are more nuanced … Our bottom line: given current valuations and central bank policies, we see gold as a compelling inflation hedge and store of value that is potentially superior to fiat currencies,” the analysts said. ”We believe investors should consider allocating gold and other precious metals to a diversified investment portfolio.”
Everyone at Pimco is on the gold bandwagon these day...and this marketwatch.com piece blogs.marketwatch.com/thetell/2012/10/02/bill-gross-says-only-gold-and-real-assets-will-thrive-in-fiscal-ring-of-fire/ . But if you want to go directly to PIMCO's "white paper" that the MarketWatch article talks about, the link to that is www.pimco.com/EN/Insights/Pages/Damages.aspx