Friday, September 14, 2012

Bill Gross:"Buy Real Assets... Gold... A House!"

This advice is stunning, if not surprising.  It's not surprising because it is wise.  It is stunning because the advice comes from the world's largest bond investor.
Gross: to buy mortgages ‘til the cows come home. Think 7% unemployment, 2.5% inflation targets. Buy real assets…gold…a house!

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