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

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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