it's going down the toilet, page-24

It depends WHY bond yields are rising. In 1980 Volker raised interest rates to quell inflation. That was bad for gold. This time round, markets are selling bonds because the currency has been debased. THAT is why interest rates are rising, and this time it will be good for gold.

You can put gold down the toilet, but it'll never flush round the bend. It's too dense, like gold bears.