Advisors Still Can’t – and Won’t – Recommend Gold and Silver
The Daily Bell
Wednesday, April 04, 2012
Clients want alts in their IRAs — but advisers’ hands are tied … In February, the firm polled 1,000 people nationwide, along with 365 financial advisers with at least $10 million in assets under management. Two out of three advisers polled said that investing in alternative assets can help build wealth for investors, and 80% them said that their clients have expressed interest in using alternative assets. Meanwhile, about three out of four Americans familiar with retirement accounts are interested in adding these investments to their individual retirement accounts. But regulatory scrutiny, as well as tough broker-dealer compliance rules on the use of alts, have largely deterred advisers from adding them to clients’ portfolios. Only one in 10 of the polled advisers said they have the capability to add alternatives – Investment News
Dominant Social Theme: Just keep investing in stocks and it will all work out.
Free-Market Analysis: One of the hallmarks of a controlled press is its regular departure from reality. The US press and the Western press generally have been departing from reality for most of the past 100 years and longer.
But in the past ten years the controlled investment press has truly proved how out-of-contact with the real world it actually is. While gold and silver have made huge gains year after year, the US press especially – the loudest and most aggressive financial press in the world – has never covered the story effectively.
The mainstream, controlled media has written millions of words about financial scandals such as the Madoff scheme, but it has studiously avoided reporting on the huge bull market in money metals that has been ongoing for more than a decade now.
This trend continues even though we can see from the article excerpted above that investors – more than the industry itself – are increasingly aware that the nostrums of the past 60 years are woefully inadequate. Here’s some more from the article:
“In recent months, the top five adviser networks in the country have begun to scrutinize the assets clients are holding, such as nontraded assets,” said Kelly Rodriques, chief executive of Pensco. “The adviser and the client may want these investments, but the institutions’ administrative capabilities limit that.”