Billionaire Bill Gross, the managing director of PIMCO, one of the largest fixed-income investment companies in the world, and the man charged with stewarding the world's biggest bond fund in the PIMCO Total Return Fund during these dangerous times has once again recommended that investors buy gold.
Bill is turning into something of a real gold bug; that is, after hinting around about "real assets" for some time now and avoiding actually writing the "G-word" in his weekly commentary, something that he now does on a fairly regular basis. In his December Investment Outlook, Gross adds to the growing collection of recent commentaries that have popularized the practice of questioning rosy assumptions about economic growth.
In the case of the U.S., more and more wise men are now thinking that sustained growth rates of 3% or 4% are a thing of the past. According to Gross and others, this development has important implications for investors. ...
Along with the yellow metal, Gross also recommends other commodities, TIPS, high-quality municipal bonds, and emerging market stocks while steering clear of banking stocks and debt from developed nations (for obvious reasons). It's no coincidence that an increasing number of the world's richest and smartest men are talking about gold these days. They didn't just wake up one day and discover they were billionaires.
Bill is turning into something of a real gold bug; that is, after hinting around about "real assets" for some time now and avoiding actually writing the "G-word" in his weekly commentary, something that he now does on a fairly regular basis. In his December Investment Outlook, Gross adds to the growing collection of recent commentaries that have popularized the practice of questioning rosy assumptions about economic growth.
In the case of the U.S., more and more wise men are now thinking that sustained growth rates of 3% or 4% are a thing of the past. According to Gross and others, this development has important implications for investors. ...
Along with the yellow metal, Gross also recommends other commodities, TIPS, high-quality municipal bonds, and emerging market stocks while steering clear of banking stocks and debt from developed nations (for obvious reasons). It's no coincidence that an increasing number of the world's richest and smartest men are talking about gold these days. They didn't just wake up one day and discover they were billionaires.
More information can be found online at http://www.goldbullionadvisors.com
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