Pension Funds Quietly Abandon the 60/40 Playbook for Gold - SchiffGold.com
Pension Funds Quietly Abandon the 60/40 Playbook for Gold - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Pension funds dumped 60/40 because the 40 stopped working. When 10-year yields sit at 5.28% and gold is down 21.8% from its January peak, the asset allocation model that survived since the 1980s just priced itself out of relevance. Gold's retreat during a Hormuz closure isn't a repudiation of the metal — it's confirmation that institutional demand doesn't wait for crises to arrive.