Yes agree. Its as much to do with sentiment and future expectations as actual nominal rates. If you ever wanted some additional comfort that precious metals are a useful option looking ahead...this makes an interesting read.
https://www.linkedin.com/pulse/how-...rHbkIPQ&fromEmail=fromEmail&ut=0SZLTUVDUzlnE1
"The Fed’s experiment has widened the inequality gap, angering millions of people who bought into the American dream and know it’s being stripped away from them. The global elite get ever richer while those who work for a living see their earnings stagnate—or worse, get laid off. The acclaimed Noam Chomsky documentary
Requiem for the American Dream chronicles how the “concentration of wealth and power among a small elite has polarized American society and brought about the decline of the middle class......
And politicians wonder about the genesis of a deeply divided and dispirited populace. Central bankers have invited politicians to abdicate their leadership authority to an inbred society of PhD academics who are infected to their core with groupthink...."
