by Mark O’Byrne
GoldCore
BlackRock Inc. have joined Pacific Investment Management Co. (PIMCO) in recommending inflation linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation.
“We like inflation-linked bonds and gold as diversifiers” said New York-based BlackRock which is the world’s largest asset manager, managing $4.6 trillion, reported Bloomberg.
[…] “Stabilizing oil prices and a tighter labor market could contribute to rising actual, and expected, U.S. inflation,” Richard Turnill, BlackRock’s global chief investment strategist, wrote Monday on the company’s website.