Bill Gross: Why Gold Is A Better Investment Than Stocks & Bonds
Bill Gross, manager of the largest bond fund in the world at PIMCO, shook up the markets at bit last week when his fund's holdings showed they had significantly increased their position in the barbaric relic: gold. He discusses in this interview why he sees gold as an even better investment than.....stocks and bonds? All the largest money managers around the world, the big smart money, continue to take massive positions in gold. They must have all really lost their mind.