Published Date: 2020-08-04 | Source: INCE|Community | Author: Andrew Kinsey
Forget hyperinflation as the reason for gold nudging $2,000/oz. The answer lies in the US 10-year Treasury.
Gold is rising at the same time as Treasury interest rates are falling. Odd? Quite the contrary say Ingham Analytics in "Bedazzled." If we thought central banks were forever blowing bubbles of epic proportions "Forever blowing bubbles..." then gold is having its heyday too.
If the objective of quantitative easing, inter alia, is to con the populous that inflation is imminent, it's been a dismal failure as the reverse has happened. So what to do?