El-Erian ran Harvard's endowment, was heir-apparent at north America's largest bond fund (PIMCO), was deputy head of the IMF, is on countless boards including US Treasury, is president of Queen's College/Cambridge, taught at Harvard, and graduated Oxford and Cambridge. He is about as mainstream and 'heavy-hitter' as they come, in investing and global economics.
"Gold's "all-weather" characteristic signals something that goes beyond economics, politics and higher frequency geopolitical developments. It captures an increasingly persistent behavioural trend among China and "middle-power" countries, as well as others. And it is a trend that the West should be paying greater attention to. The price journey suggests that there may well be a lot more going on."
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