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GOLD SHINES AS PRIVATE EQUITY GOES DARK By Matthew Piepenburg Is private equity (PE) going dark? And what does this have to do with gold? In fact, the answers are becoming harder to ignore. Understanding gold’s rise in the context of macro-economic forces - i.e., historically unprecedented debt levels, over-supplied and under-demanded USTs and the consequent rise in yields/credit costs - helps us place a range of other asset classes, including private equity, into sober perspective.
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