The Brains Trust - 2021, page-328

Gold and US 10 year Bond futures.

As yield goes up bonds go down. Gold has no yield. Is gold a leading indicator of inflation or a safe haven when there is no yield else where?

If you chart the above two plus the SPX and have a scroll through time it is interesting.

I still remember my first visible gold in drill core. Is this gold? I would ask. " if you have to ask if its gold its not gold' came a wise response.

I remember the head of the geology department always asking me if the pyrite he saw was gold.