Sunday, May 15, 2011

PIMCO'S Anne Gudefin Says Gold is the Largest Position in Their Fund

Your fund has the ability to invest in all types of securities. Other than value stocks, what do you like?


The largest position in the fund is gold, which we think is a very good form of protection against what can go wrong. We were encouraged by the fact that a lot of the central banks, especially in Asia, are big buyers. We think that's an underlying trend that's very favorable for gold.   LINK...