Legg Mason encouraging investors into gold

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Unobtanium

Big Eyed Bug
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The big investment firms are finally steering investors toward gold.

https://brighttalkservices.box.com/s/o47tr8nwr5xln951vosr/1/586839364/5648510740/1

Cliff notes:
Can skip first 7 minutes without missing much
7:00 to 9:50 - Calvin and Hobbs "Calvin Ball" version of Economic Policy
12:00 - Debasing currencies; money velocity, money going into real assets like gold.
14:00 - Currencies relative to gold
14:15 - Swiss Franc
17:00 - Games played by the Fed
20:00 - Reasons for gold

Keep in mind the above while viewing the graph below, where we see that Investor Gold Holdings are only a tiny slice of Global Financial Assets.

5plb1x.png
 
Nice to see fudiciary responsibility trumping the desire for commission churn in an investment firm.
 
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