- For more than a millennium, gold has broadly managed to maintain its real value, even as various currency regimes have come and gone.
- The supply of gold is constrained, and we see demand increasing consistent with global economic growth on a per capita basis.
- Given current valuations and central bank policies, we believe investors should consider including gold and other precious metals in a diversified investment portfolio.
PIMCO | Viewpoints - GOLD – The Simple Facts
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