Schiff pointed out that Morgan Stanley is leading the rethink. Instead of 60% stocks and 40% bonds, Morgan Stanley chief investment officer Mike Wilson now favors 60% stocks, 20% fixed income and 20% gold.That’s a serious concern because bonds remain a core holding in many Americans’ portfolios, especially retirement accounts. For retirees and near-retirees counting on those holdings to preserve purchasing power, inflation can quietly erode wealth — even when markets appear calm. If inflation spikes again, ...