gold, page-86422

Ok, fair enough. One question though, why would they buy government debt today, when it will be cheaper tomorrow? While those funds and insurance companies do have obligations in USD, they aren't silly. As the USD devaluation begins to escalate, they will begin to position themselves so as to reduce exposure to USD.With exception to the above, how can anyone justify buying a 30 year treasury at 1.4%? In six months time you will have lost money.
@eztrang