Bill Gross says gold is now a ‘momentum/meme asset’ — and if you really want to buy it, you should wait awhile
Yahoo Finance·2025-10-19 00:54
Legendary bond investor Bill Gross urged caution about buying gold, which has been soaring recently, even as he warned on budget deficits and a slowing economy. In a post on X on Friday, the cofounder of Pimco also acknowledged Wall Street’s anxiety over the past week about problems lurking in banks’ loan books. Disclosures on Thursday from Zions Bancorporation and Western Alliance Bancorp about dodgy borrowers came after JPMorgan CEO Jamie Dimon pointed to the collapse of auto lender Tricolor as a “cock ...