Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

"Checked the 10 year yield lately? 1.36 No one wants to hold...

First 92735 Last

Share
Profile

Follow
eztrang

3,967 Posts.

256

23/02/21

15:30

Post #: 51252298
Share

Originally posted by totoschillaci: ↑

It's simple logic champ. All tangible assets are rising as we see in copper, industrial metals, oil and other commodities...especially agricultural (look at corn soy beans etc.) Why? Because of money flowing into those assets as money managers look to protect against inflation and also currency devaluation ITSELF driving those prices up besides demand.

All things being equal you'd expect the two monetary metals to not only mimic all these commodities but probably do better. But we can't have that because then the simple minded would finally realise the USD is disintegrating at an exponential rate.

Checked the 10 year yield lately? 1.36 No one wants to hold bonds. Faith in the USD is evaporating fast. But keep "stackin" those fiat bills bud in this "boom" economy.

And why do you keep repeating the tired line about destroying money if all and sundry can see the money supply only goes in one direction since forever?

Expand

"Checked the 10 year yield lately? 1.36 No one wants to hold bonds."
When the price of bonds goes up the yield goes down. So if the yield is low, like 1.36%, then the price is high, because people want the bonds.
This is very basic stuff. If you don't understand this you should not be commenting.
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 33,888 more messages in this thread...

First 92735 Last

Add GOLD (COMEX) to my watchlist