SINGAPORE (Oct 26): Mohamed El-Erian, chief economic adviser (CEA) at Allianz, thinks there are many more consequences of ultra-low interest rates that have yet to play out for investors, and that gold is increasingly part of the solution to mitigating such risks.
This is especially so as some 30% of global government debt is trading at negative yields compared to the past when a prolonged period of low and negative nominal interest rates were "once thought unlikely if not unthinkable", says the former CEO of PIMCO.
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