Interesting to see this. So in summary are you expecting yields to spike as bonds become less secure? If so that would be bad for gold unless people defaulted on the bonds?
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Interesting to see this. So in summary are you expecting yields to spike as bonds become less secure? If so that would be bad for gold unless people defaulted on the bonds?
@diamaidflynn During the last bond bear market in the 1970s gold went from $35 to $887.50 so I am not sure how a rout of the bond market would be bad for gold because rising interest rates mean dropping bond prices and a lot of defaulting borrowers.
Thanks @maneco64. Bonds are one of the more alien asset classes to me so thanks for the reply.