Reported 1 day ago
Bill Gross, the renowned bond investor, cautioned against purchasing gold, which has been experiencing a significant surge, suggesting potential buyers should hold off for a while. He noted the current economic climate with rising debt and budget deficits has transformed gold into a 'momentum/meme asset.' Despite a dramatic increase in gold prices this year, Gross believes the current valuations are overextended, advising investors to wait before making purchases.
Source: YAHOO