Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

Gold’s New Ally

The Daily Reckoning If you’ve invested in gold, you’re about to gain a powerful ally: pension funds. “I think the largest institutions like our own are realizing that we barely own any [gold]” Shayne McGuire, head of the Teacher Retirement System of Texas said in an interview in Hong Kong very early this morning. “The [...]

Pension Funds Exit Stocks

Bullion Vault Pension plans are selling stocks. Headline or footnote…? US PENSION COMPANIES have begun selling stocks, writes Eric Fry in the Rude Awakening.Recent history suggests this little news item should be a headline. Because pension plans – like the fabled supertanker, but unlike politicians – take a lot of time to reverse direction. But once [...]