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Proactive/Oliver Haill/7-21-2021
“Gold is an increasingly important asset for European pension funds, with new research showing many funds intend to increase their holdings of the yellow metal in the coming months.”
USAGOLD note: There was a time, not that long ago, when investing in gold would have been unheard of among pension fund managers. Now, 73% say “it offers increasingly attractive diversification benefits.” Pension funds globally, we will add, have considerable assets to hedge – over $50 trillion (2019), according to Statista.
Total assets of pension funds worldwide
(trillions of dollars)
Chart courtesy of Statista.com
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