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Pimpco’s El-Erian Gives Gold a “Thumbs Up”
The Past “Snubbing” of Silver and Gold Investing
Many individuals have snubbed their noses when it comes to gold and silver investing over the last couple of years. They have pointed at all the major mutual funds and other economists who have slammed gold and silver. Of course like most good investments the mainstream investor does not begin to catch on until well into the first stage of growth. Over the past ten years, silver and gold have both done extremely well boasting over 760% and 550% respectively.
Pimpco’s El-Erian Thumbs Up to Gold Investing
Over the past few months several major players in the mutual fund world have come out and given their stamps of approval for gold, silver, and commodities in general as assets that will perform well over the next couple of years. One of the biggest recommendations comes from Mohammed El-Erian, who is the CEO and Co-Chief Investment Officer of Pimpco. Pimpco manages the largest mutual fund in the world, Pimpco Total Return and several other very large mutual funds. In the video above he gives his reasons for why he believes both gold and oil will be good performers in the near-term.
