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<p>[QUOTE=&quot;Morgan1878, post: 752061, member: 17869&quot;]Wednesday morning, Rick Santelli, the very knowledgable CNBC commentator who watches the U.S. Bond market said that PIMCO (world&#039;s most successful bond manager) had made a statement that it was their expectation that more Central Banks would be buying <i>gold</i></p><p>in lieu of U.S. Treasuries.</p><p><br /></p><p>PIMCO has a track record of managing money that is simply put..very good. They are not gun-slingers, in fact, their style is somewhat conservative. A statement like this, coming from them has, in my opinion a great deal of credibility.[/QUOTE]</p><p><br /></p>

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