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Wednesday, April 17, 2013

Gross Admits to Goof on Gold

News summary by MFWire's editors

So he goofed.

MoneyNews reports that Pimco [profile] founder and co-CIO called gold his top investment at a Barron's Roundtable in January.

When gold dropped the most in 30 years on Monday, MoneyNews reports that Gross Tweeted: “OK, so I made a bad call at the Barron’s Roundtable. I would still buy gold here. World reflating.”

Read more in MoneyNews. 

Edited by: Tommy Fernandez


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