Bloomberg News

Gold Must Be Held in Current Economic Environment, Pento Says

March 13, 2012

Gold must be held in an environment in which the Federal Reserve has pledged to maintain low interest rates and the U.S government is running current-level deficits, Michael Pento, president, Pento Portfolio Strategies, said at the Bloomberg Precious Metals conference in New York.

“We have to own gold,” in this environment, Pento said.

To contact the reporter on this story: John Deane in London at jdeane3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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