I have superimposed the chart of Us 10y bond yield
and the us price of gold.
back in the 70s, the price of gold rose with the
bond yield rising as well.
There has been an inverse relationship
circa 2000 when yields continue to fall
while the gold price rose.
I am expecting the 2 prices to move in concert
in the coming decade. where the decline of the US
empire will mean the GOLD price will rise as well
as the Yields the US govt must pay the bond market.
Will the BRICs summit in August in South africa
be the trigger? could a workable solution for
a gold backed BRICs currency accelerate the decline of the empire? Death and taxes are a certainty of life.
History proves that all empires fall and all fall from within.
and the us price of gold.
back in the 70s, the price of gold rose with the
bond yield rising as well.
There has been an inverse relationship
circa 2000 when yields continue to fall
while the gold price rose.
I am expecting the 2 prices to move in concert
in the coming decade. where the decline of the US
empire will mean the GOLD price will rise as well
as the Yields the US govt must pay the bond market.
Will the BRICs summit in August in South africa
be the trigger? could a workable solution for
a gold backed BRICs currency accelerate the decline of the empire? Death and taxes are a certainty of life.
History proves that all empires fall and all fall from within.