Gold outshines bonds for decades yet traditional asset managers cling to the 60/40 model despite inflation debt and geopolitical turmoil
Gold is making new highs, measured, in this case, against the US dollar, which is making headlines. The chart below, however, is far more interesting. The asset management industry runs on two asset classes only: stocks and bonds. Sure, asset managers talk a lot about other asset classes or invest in ‘other’ asset classes that …