Post by
montydog on Jun 30, 2020 8:05am
Some world's largest insti investors still don't get it...
I've worked in the investment management industry for several decades, and newly retired. And I find it incredulous that some of the worlds' largest 'generalist' / institutional investors still don't get it.
They all seem to recognise the looming currency crisis and long term inflation threat, but many don't then connect the dots to recognise the value that precious metals and the associated mining stocks have to play in such an environment.
Here is the latest thought piece from the globally respected Russell Investments. In the "Asset Classes Preferences" section (scroll down) they like 'commodity currencies', but otherwise have absolutely nothing to say about gold or silver, or their producers....
Extraordinary.
https://russellinvestments.com/uk/global-market-outlook#ColorBoxesRoot_345c3a2d-5935-4fb2-b1eb-6019b8ca79a7
Comment by
Hermod on Jun 30, 2020 10:44am
This is common for all that adhere to the Keynesian school of economics, and nothing that should make you feel surprised. Gold is a relic from the past. Obviously. It is barbaric. Nowadays we deal with options, hedgefunds, derivates and monetizing debt. Metals? How crude! (Yet all central banks in the world are buying gold. Go figure.)