<story><title>Bill Gross warns financial markets have become &apos;a Vegas casino&apos;</title><url>http://www.reuters.com/article/us-funds-janus-gross-idUSKCN12415V</url></story><parent_chain><item><author>justinlardinois</author><text>&amp;gt; Gross, who oversees the $1.5 billion Janus Global Unconstrained Bond Fund, recommended Bitcoin and gold for investors who are looking for places to preserve capital.&lt;p&gt;Because wild Bitcoin fluctuations are somehow &lt;i&gt;less&lt;/i&gt; akin to gambling than the securities market?&lt;p&gt;Glad he also threw in some &amp;quot;buy gold&amp;quot; scaremongering too.&lt;p&gt;Does Janus benefit somehow from this kind of talk?</text></item></parent_chain><comment><author>ddeck</author><text>That was a surprisingly sensational interpretation by Reuters of the original quote. Looking at the source, he didn&amp;#x27;t recommend these assets. What was actually wrote was:&lt;p&gt;&lt;i&gt;&amp;quot;At some point investors — leery and indeed weary of receiving negative or near zero returns on their money, may at the margin desert the standard financial complex, for higher returning or better yet, less risky alternatives. Bitcoin and privately agreed upon block chain technologies amongst a small set of global banks, are just a few examples of attempts to stabilize the value of their current assets in future purchasing power terms. Gold would be another example — historic relic that it is. In any case, the current system is beginning to be challenged&amp;quot;&lt;/i&gt;</text></comment>
<story><title>Bill Gross warns financial markets have become &apos;a Vegas casino&apos;</title><url>http://www.reuters.com/article/us-funds-janus-gross-idUSKCN12415V</url></story><parent_chain><item><author>justinlardinois</author><text>&amp;gt; Gross, who oversees the $1.5 billion Janus Global Unconstrained Bond Fund, recommended Bitcoin and gold for investors who are looking for places to preserve capital.&lt;p&gt;Because wild Bitcoin fluctuations are somehow &lt;i&gt;less&lt;/i&gt; akin to gambling than the securities market?&lt;p&gt;Glad he also threw in some &amp;quot;buy gold&amp;quot; scaremongering too.&lt;p&gt;Does Janus benefit somehow from this kind of talk?</text></item></parent_chain><comment><author>duaneb</author><text>&amp;gt; Glad he also threw in some &amp;quot;buy gold&amp;quot; scaremongering too.&lt;p&gt;I&amp;#x27;ll bite; why is gold a bad investment? Does it not have low risk and stable value? Hell, these days it even has REAL value as a special metal.</text></comment>