Gold price, page-618

I just want to congratulate every BDR holders and let them know that one of the bond guru, think of them as smart investors.
Here is an interview with Bill Gross and he is feeling that the global financial system is in trouble.
Reputable investors around the globe are seeing huge risks and seeking investment in gold as safe heaven.
http://www.bloomberg.com/news/videos/2016-04-27/bill-gross-investors-know-there-s-something-wrong

Here is my favourite reputable economist"Mohamed El-Erian" views of the current status of the financial system and policies:

If you go back to central banks. Central banks look at growth, at employment, at wages. They are too low. They don’t have the instruments they need, but they feel obliged to do something. So they artificially lift asset prices by maintaining zero interest rates and by using their balance sheet to buy assets.
Why? Because they hope that they will trigger what’s called the wealth effect. That you will open your 401k, see it has gone up in price, and you’ll spend. And that companies will see their shares are going up and they will be more willing to invest. But there is a massive gap right now between asset prices and fundamentals.

The correction is coming to align the asset prices to fundamentals, hence, keeping money in gold and property is what I believe is the wise thing to do' IMO.

I follow the big guns and smart money, but always believe in yourself.

Cheers,

Sydney