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Stefan Gleason: Pension funds start looking to gold to avert disaster
By Stefan Gleason
Money Metals News Service, Eagle, Idaho
Tuesday, September 1, 2020
Public and private pension plans face a dual crisis.
The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red.
... Dispatch continues below ...
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Some are in better shape financially than others. But all pension plans will have to reckon with a second huge challenge going forward.
Namely, they are already entirely unable to meet their stated return objectives by owning conventional "safe" interest-bearing instruments such as Treasury bonds. ...
How can pension funds obtain protection from this threat? They can own gold. ...
... For the remainder of the commentary:
https://www.moneymetals.com/news/2020/09/01/pension-funds-look-to-gold-0...
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