Bill Gross Calls Gold a ‘Momentum’ and ‘Meme’ Asset Amid Market Speculation

HKAN | Oct 18

Billionaire Bill Gross Says Gold Has Become a ‘Momentum’ and ‘Meme’ Asset

According to recent remarks, billionaire investor Bill Gross, often referred to as the “Bond King,” has described gold as a “momentum” and “meme” asset, arguing that its current rally is being driven more by social sentiment and speculative enthusiasm than by traditional fundamentals.

Gross noted that while gold has historically been viewed as a safe-haven store of value, recent market behavior suggests it now trades more like a high-volatility momentum asset, similar to Bitcoin and popular meme stocks.

He emphasized that the metal’s sharp price surges are being fueled by social media narratives, inflation fears, and speculative trading, rather than by actual demand from central banks or industrial sectors.

Gross’s comments reflect a broader trend among traditional investors reassessing gold’s role amid the rise of digital assets and alternative inflation hedges. Analysts say this shift signals a cultural crossover between traditional commodities and crypto-style trading psychology.