"Negative real rates of return on bonds and cash deposits are a greater driver of gold than QE"
A agree John, it was the primary driver in the 1970's bull market and the primary driver in the 1980/90's bear market (positive interest rates). Since 2000 they're negative again and will be for a long time yet. imo.
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billionaire's 44% of assets now in gold assets, page-68
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