"... According to Bill Gross, the bullish outlook for gold rests on the endless expansion of credit by central banks. Gold has a considerable store of value that paper money does not and there is a "limited amount of gold, an unlimited amount of paper money."
"When world central banks engage in a long term period of money printing and start writing checks in the trillions, it is best to have something that's tangible and can't be reproduced like gold. Gross expects that central banks, which have trillions of dollars in reserves, will continue to expand their holdings of gold rather than invest in 10 year government bonds that pay a paltry 1% interest. ..."