'Meme Asset': Gold Buyers Should Wait For Now, Says Bill Gross — Here's Why
Bond market veteran Bill Gross compared gold, whose prices have recently skyrocketed, to a "meme asset" that should be avoided for now. He recommended investors to wait for a while before opting for the precious metal.
The Pimco cofounder's warning came on Friday, on a day when gold dipped by 2% after hitting a record high of $4,300 an ounce in the US spot market.
"Gold has become a momentum/meme asset. If you want to own it, wait awhile," he posted on social media platform X.
Gross' view comes in the backdrop of analysts linking gold's recent surge to an expectation that several governments across the globe will let inflation run hot to ease debt burdens.
This rally is considered a part of a debasement trade, as investors flee traditional currencies like the dollar over concerns about soaring debt in the US and other developed nations.
The fears of systemic risks emerged on Thursday, after JPMorgan CEO Jamie Dimon described the collapse of auto lender Tricolor as a “cockroach” — signalling that more alleged dodgy borrowers could be in the hiding.
This had briefly led to the 10-year Treasury yield slipping below 4%. Dwindling yields often lead to a surge in the price of gold.
Gross, however, believes the concern of Treasury yields is unsubstantiated. "Regional bank 'cockroaches may continue to affect stocks AND bonds. 10 year Treasury has no business below 4% though 4.5% more like it — too much supply/deficits despite slowing, soon-to-be 1% growth economy (sic)," he said, while recommending investors to wait before buying gold.
Regional bank “cockroaches” may continue to affect stocks AND bonds. 10 year Treasury has no business below 4% though 4.5% more like it — too much supply/deficits despite slowing, soon-to-be 1% growth economy.
October 17, 2025
Gold has become a momentum/meme asset. If you want to own it, wait…Meanwhile, gold prices continue to remain firm, with US spot gold trading 0.3% higher at 4,261 an ounce on Monday. The metal saw an appreciation in excess of 8% last week, which led to experts questioning the fundamentals behind the rally.
The way gold price moved last week indicates "something serious", according to economist Peter Schiff. "Something big is about to happen," he wrote on X on Friday.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
