Flossbach von Storch - Multiple opportunities II

People interested in gold have probably heard of at least one of the following names: James Turk, James Rickards or Egon von Greyerz. They all advocate to keep at least around 10% of your wealth in physical precious metals. I have never heard that advise repeated by a major bank. They usually consider gold to be a barbarous relic.

Meet Flossbach von Storch, a German asset manager who's products are distributed by, amongst others, Deutsche Bank. They offer a mixed asset mutual fund called Multiple opportunities II. Imagine my surprise when I browsed through the prospectus and it read:

So, this fund only indirectly invests in precious metals through financial instruments. As it turns out Flossbach also has a fund that does invest in actual physical precious metals. However, due to regulatory constraints, they are not allowed to distribute that fund in all jurisdictions.

Point is that here we have an asset manager, distributed by a major bank, who's vision is eerily similar to that of strong precious metals advocates. Could it be that the financial world's view on precious metals is finally changing?

One can always hope!