Gross Goes Gloss — Likes Gold
Monty Pelerin / EconomicNoise.com
Bill Gross, in this video, appears to have had a Road to Damascus conversion. He is now talking about gold as a good investment. Is he ten years too late?
In the sense that he missed a move from about $250 to $1,700 over that period. He now suggests it is a better investment than bonds or stocks. But it was during the period he neglected it.
I agree with Bill that gold will outperform going forward. Will it do so to the extent that it did since this century began? Maybe, maybe not. I just find it strange that he has only recently become interested in this asset!
H/T to Davos for pointing this out.
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