Bill Gross of Janus Capital is Shifting his Focus to Tangible Assets such as Gold

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결론: 중앙은행의 대규모 채권 매입과 저금리로 채권 버블이 형성됐고, 법정화폐 신뢰가 약화돼 금·은 등 실물자산 보유가 보험 역할을 한다는 주장. [단기 시장 전망] 단기 귀금속 가격은 뉴스·기술적 지표·모멘텀에 좌우되어 예측이 어렵다고 언급. 고용지표 호조 후 귀금속은 하락 압력을 받았으나 일시 반등했고, 스위스 중앙은행의 미국 주식 매수 보도가 언급됨. 이번 주 생산자물가·소매판매 발표가 예정돼 있음. [영란은행 금리 인하] 영란은행이 7년 넘게 만에 기준금리를 0.25%로 인하하고 신규 채권 매입 프로그램을 도입. 브렉시트 이후 영국 금융자산 매도 대응 목적. 유럽 이웃국 다수가 이미 마이너스 금리 정책을 시행 중이며 영국도 연내 따를 수 있다고 전망. [미국 연준] 부진한 GDP와 선거 등 정치 요인으로 연준은 12월 이전까지 대응하지 않을 것으로 봤으나, 이제 다음 조치가 금리 인하나 새로운 긴급 자산매입이 될 가능성이 커졌다고 주장. [중앙은행 행태] 중앙은행이 국채를 넘어 회사채·주식·부동산까지 매입하는 대형 헤지펀드처럼 행동. 러시아·중국처럼 금 보유를 늘리는 곳도 있으나 대체로 자산 규모만 키우고 있다고 평가. 인플레이션 목표도 달성하지 못함. [채권 버블] 전 세계 채권시장에 거대한 버블이 형성돼 과거 주식 버블보다 크다고 주장. 일부 주식은 배당수익률이 마이너스인 상황. [빌 그로스 견해] 빌 그로스(Janus Capital)가 최근 채권과 주식에 대한 투자를 접고 금 등 실물자산으로 초점을 옮긴다고 밝힌 점을 강조. 35년간 통했던 채권 안전자산 신화가 무너질 수 있다고 경고. [결론·조언] 다음 금융위기 전에 금과 은을 보험 성격으로 미리 보유할 것을 권고. 방송 시점 금 약 1,334달러/온스, 은 약 19.79달러/온스.

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01. here's today's money medals minute brought to you by moneymetals.com a better than expected uh jobs report Friday Delta blow to precious metals that share prices rallied for the moment markets are moving higher regardless of what's expected from the FED Reserve uh there's been some recent disclosures revealing central banks including Switzerland are buying us shares aggressively this week investors get the monthly reports on producer prices and retail sales now here's a special report from Mike gleon of money Metals exchange where precious metals prices are headed this coming week or next month is really anyone's guess the near-term Outlook will always have more to do with the latest news events technical levels and momentum gauges than with fundamentals but the long-term Trend will ultimately be determined by the fundamental drivers of supply and demand one of the greatest fundamental underpinnings for a gold and silver bull market is the fact that most all other perceived forms of money around the world world are being debased the latest Central Bank to make its currency less attractive is the Bank of England this past Thursday England's Central Bank cut its Benchmark interest rate for the first time in more than seven years policy makers pushed the lending rate down to a minuscule 0.25% the lowest in the 322e history of the bank of England they also rolled out new Bond buying programs they hope will stimulate a weak economy and counter or post brexit selling of British Financial assets Britain joins other countries that have entered unchartered territory in terms of monetary policy many of England's EU neighbors already have negative interest rate policies in place Britain could well follow suit before the end of the year in an era of globalization and coordination among World central banks the bank of England's decision to cut makes it all the harder for the US Federal Reserve to hike the recent G DP disappointment as well as political considerations surrounding the upcoming election already meant the FED likely would do nothing until December now the odds are increasing that the fed's next move whenever it comes could actually be to cut rates or perhaps announce a new emergency asset purchase campaign central banks are no longer limited to just buying government bonds central banks are acting like giant hedge funds now playing with unlimited quantities of currency created out of nothing many have ventured into corporate debt stocks even real estate and tangible assets some are following the lead of Russia and China and expanding their gold reserves but by and large they are amassing even more paper on their balance sheets buying up trillions of dollars in bonds and driving down interest rates to levels previously thought impossible hasn't done much to help central banks achieve their stated goal of stimulating economic growth they haven't even been able to raise official inflation rates as the side effect of their unprecedented efforts they have instead created a gigantic bubble in the global Bond markets that makes all previous stock market bubbles look small by comparison stock investors never got crazy enough to go for stocks that sport a negative dividend yield the insanity now gripping the bond markets is enough to drive the world's most famous bond fund manager out of his own asset class Bill gross of Janice capital said in his latest commentary that he doesn't like bonds or stocks as Investments anymore he is Shifting his Focus to tangible assets including gold it's a radical change in thinking for someone who has built a lucrative career on financial assets unfortunately most investors are still choosing their Investments and making their retirement plans based on assumptions that haven't changed with the new low yield realities bonds are an asset class that has worked for 35 years years the belief that bonds are steady safe and gain value over time is deeply entrenched among the investing public and most financial advisers the risk that their assumptions will turn out to be wrong though is very real if at some point the bond markets break those who are Diversified into physical precious metals will have some protection against the fallouts time to acquire gold and silver as insurance is before the next financial crisis makes headlines not after and that was Mike gleon at moneymetals.com live prices at moneymetals.com so gold currently trading at $1,334 185 per ounce silver $19.79 sets