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.
