As @DTAPCAP has been saying for a while, gold is now a substitute for bonds and have been for quite a while. Nominal yields and gold are highly correlated. It is a deflation hedge currently, not an inflation hedge. Chart is of 10 yr bond futures vs gold. Fascinating... pic.twitter.com/FYoftbtdwB
— Raoul Pal (@RaoulGMI) February 16, 2021
via Twitter https://twitter.com/RaoulGMI
February 16, 2021 at 07:28PM
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