Bill Gross and the price of gold, page-12

Well in 2002 we had just come out of the Asian crisis, but no I don't at this point or 2006 for that matter, but equity markets are priced otherwise. I do think the US can keep on recovering but then interest rates then need to move higher creating the issue around interest on Government debt. Personally I think the US is between a rock & a hard place.

And your thoughts?