Lyn Alden retweeted this post so she obviously believes the article has merit. A short but interesting read, especially when you look at the second chart showing the 30yr yield rate minus core CPI which gold historically lags. The last time we had a violent upswing like what has just occurred with negative real rates was May 2019 to Sep 2019 when gold jumped in excess of 20%. In the same period the GDX gold miners index rose 50%.