The Global Monetary System Has Devalued 47% Over The Last 10 Years
By GCRU Gold News on Wednesday, May 25 2016, 23:56 - Permalink
Graph 1, shows the relationship of US real yields and the USD gold price. Real (inflation adjusted) yields and gold have been tightly correlated. Non-income producing gold ebbs and flows inversely with yields available on financial assets. This is understandable, but ask yourself this: what happens now that global sovereign interest rates must go negative to give the impression that credit is becoming easier?