El-Erian Says 'Gold Is Becoming Everything to Everybody'

The video discusses evolving strategies in asset allocation, emphasizing a shift from traditional Treasury allocations to a diversified portfolio including high-quality investment grades and real assets. Gold is highlighted as a versatile asset, likened to big tech, offering defensive, reflationary, and inflation protection benefits, leading to structural allocations in its favor.

What reasons do people have for investing in gold as mentioned in the text?

What structural allocations in favor of gold are discussed in the text?