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CHART OF THE DAY: FINALLY, Investment Advisors Are Capitulating And Buying Gold

Sep 16th, 2011 14:19 by News

16-Sep (BusinessInsider) — Here’s a fascinating little nugget.

A recent Schwab survey of 911 registered investment advisors (RIAs) asked respondents what asset class they were likely to allocate more money to going forward.

As you can see, there’s almost no increase in enthusiasm for any area except… gold.

PG View: This is a trend that we here at Centennial Precious Metals have been witnessing first hand. We have a marked increase in the number of inquiries from investment advisers and wealth managers that are looking to offer physical gold to their clients. The smart ones are looking to get out in front of the rising demand for physical metal, but for many that demand has already materialized and they are scrambling to react.

Yet still only 10% of survey respondents said they would likely allocate more to gold. Is that even remotely reflective of a bubble? I think not.

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

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