2011-04-04gata.org

While this article doesn't actually mention gold (the title is GATA's own), the unwritten truth is that with the dollar becoming globally disfavored, SOME funds will choose to hold more gold to eliminate currency risk. This will likely be a small amount at first, but the direction of the trend is very bullish.

In an increasingly open global economy, fund managers say some clients do not have a base currency and do not want their portfolio performance reported in dollars... This has led some to call for an increase in use of a basket of currencies as a gauge of performance, a development that could help to reduce the dependence of fund performance on the fortunes of one particular currency.


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