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Bloomberg/Eddie Spence, Ranjeetha Pakiam and Yvonne Yue Li
“The end of an easy-money era should normally spell bad news for gold. But right now, fund managers are keeping their holdings.”
USAGOLD note: It’s all about the real rate of return, in our view, and it doesn’t look like we are going to stabilize anytime soon. Better to hold that hedge during times in times like these, then dump it and have little or no balance in the portfolio – even for the more aggressive fund managers. It would not be prudent to invest as if everything were hunky-dory when all the signs are pointing to a period of elevated insecurity.
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