Instititional investors turn to gold
“‘As bond yields have come down, the arguments against gold have started to weaken — there’s not much income from bonds either,’ Calum Mackenzie, partner and head of investment for Canada at global consultancy Aon, said in an interview. ‘Investors looking for that downside protection and that portfolio diversifier that bonds used to provide, they’re looking at gold.'”
USAGOLD note: We referenced this Northern Miner article in yesterday’s DMR and report it here for those who may have missed it. The focus is on Canadian funds and institutions’ interest in gold but the rationale is equally at work in other countries including the United States.
Repost from 2-10-2021