Market Watch: When the World's Largest Asset Manager And the 'Bond King' Both Agree - Run to Gold, Silver and Bitcoin
Article by Charlie Garcia in Market Watch
I’ve been telling MarketWatch readers to buy gold, silver and bitcoin for months now. Call it pattern recognition. Thirty years of watching markets taught me to spot the con before the mark realizes they’re at the table.
Then BlackRock pitched the same strategy after last week’s Federal Reserve rate cut. When BlackRock starts sounding like me, it’s like the pope buying a casino. The house always wins, but now it’s blessed.
BlackRock wasn’t alone.Last week, something interesting happened on CNBC. Host Scott Wapner was interviewing Jeffrey Gundlach — they call him the Bond King. Wapner lobbed him a softball about portfolio allocation. The “perfect portfolio,” he called it.
Gundlach could’ve given the standard answer. He didn’t.
“Twenty-five percent in gold isn’t excessive,” he said from his ......