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Michael Cembalest
From Michael Cembalest of JP Morgan via Paul Kedrosky's blog via Tyler Durden of the Zerohedge.com blog, comes this informative little tidbit regarding investor ownership of gold as a percentage of assets.
During the last bull run in gold back in the early 1980's, investible gold as a percentage of global financial assets was in the 17% range. During the current bull run, and taking numbers from the end of 2009, investible gold as a percentage of global financial assets is around 4%.
