Tuesday, March 27, 2012

Bill Gross Tells CNBC Now is the Time to Buy Gold


If you listen closely, you can hear the air rushing out of the treasury bond bubble.
PIMCO's Bill Gross has just told CNBC that now is the time to buy gold
  • Gold has a protective insurance element to it that every investor should look toward
  • Gold has a place in a mildly inflationary world
  • China's not looking to buy financial assets, they're looking to buy up commodities

While Bill would have been slightly more correct roughly a decade ago, the fact that the bond manager is openly promoting GOLD as a sound and protective investment rather than bonds is a massive paradigm shift for the status quo. Buckle up folks.