Go have a look at times in history where real yields were...

Go have a look at times in history where real yields were negative and central bank liquidity was high.

CBs at low nominal rates (not real) tend to fix the yield curve so as to inflate high debt levels away. Think late 1940s post WW 2 era. You get paid your nominal rate but are going backwards due to inflation. It's called inflating your debt away and right now the world has a massive debt accumulation outstanding. TIPS treasuries are becoming popular because of this.

When real yields are negative (nominal
yield minus real rate of inflation) then opportunity cost for holding gold is positive. When real rates are higher than inflation then you don't want gold. Think 1980s.

Look at Aust and Japan having adopted Yield Curve Controls since March as super low accomodative rates.

Let's see what happens towards back end of this decade. The disinflationary low rate environment will be long gone is my guess.

Back to the stock at hand.