PDAC 2016: Don Coxe sees pension funds driving gold prices higher in bondholder backlash

TORONTO — Pension funds and other long-term investors sick of negative bond yields could drive up gold prices in the coming years, said famed investor Don Coxe.
Negative interest rates have been adopted by an increasing number of central banks in the past year, with the Bank of Japan becoming the latest in January. The policy tool has been used in an effort to spur more inflation and growth by making cash hoarding expensive.

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