Pension funds joining the gold party

Gold bugs have been bullish on the yellow metal for years--and have profited immensely as a result over the last decade. Hedge funds joined the party earlier this year. Sovereign funds, as well as governments from China and India are encouraging retail investors to invest in silver and gold as diversification away from paper currencies, especially the USDollar. Now, big pension funds are providing support levels as they enlist in buying "financial insurance" against dollar debasement and future inflation.

The commercial bullion banks with their permanent short positions are running against formidable foes.

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