Golden Years
Posted by Investment Rarities on February 12th 2011 in China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!
Although a Dutch pension fund was just forced by the country’s central bank to slash its gold holdings, estimated to be $54 million, the argument that pensions should be investing in gold is gaining support, with one ‘rational gold investor‘ leading the charge. He’s Shayne McGuire, who, as managing director of the Teacher Retirement System of Texas, runs what is estimated to be a $330 million gold portfolio. McGuire laid out the rationale for investing the fund’s money in gold in the above interview with the Financial Times, and in an essay published by Newsweek, that was adapted from his book, “Hard Money: Taking Gold to a Higher Investment Level.”
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