{"id":57432,"date":"2021-04-07T08:06:40","date_gmt":"2021-04-07T13:06:40","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57432"},"modified":"2021-04-07T08:06:40","modified_gmt":"2021-04-07T13:06:40","slug":"the-mainstream-is-wrong-about-rising-bond-yields-and-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57432","title":{"rendered":"The Mainstream Is Wrong About Rising Bond Yields and Gold"},"content":{"rendered":"

The Mainstream Is Wrong About Rising Bond Yields and Gold<\/a><\/h3>\n
\"\"<\/a><\/div>\n

Prices are going up<\/a>. The Federal Reserve is\u00a0printing money at an unprecedented rate<\/a>. The US government continues to\u00a0borrow and spend at a torrid pace<\/a>. As Peter Schiff put it in a recent podcast,\u00a0we\u2019re adrift in a sea of inflation<\/a>. Gold is supposed to be an inflation hedge. So, why isn\u2019t the price of gold climbing right now?<\/p>\n

In a nutshell, rising bond yields have created significant headwinds for\u00a0gold<\/a>. And the mainstream is reading rising yields and their relationship to gold all wrong.<\/span><\/p>\n

It really comes down to expectations. Most people in the mainstream view rising yields as an inflation signal, and they expect the Federal Reserve to respond to this inflationary pressure in a conventional way. They expect the Fed to tighten monetary policy, raise interest rates and shrink its balance sheet.<\/p>\n

As Peter Schiff has explained on numerous occasions, this won\u2019t happen. The Fed won\u2019t fight inflation because it can\u2019t.\u00a0It will ultimately surrender to inflation<\/a>.<\/p>\n

Right now, the markets sense that inflation is going to be moving higher. And maybe even higher than what the Fed is acknowledging. But I think the markets still believe the Fed \u2014 that the Fed will be able to contain the inflation problem before it really runs out of control. So, it\u2019s the expectation that the Fed\u2019s going to fight inflation by raising rates \u2014 that\u2019s what\u2019s pressuring gold. But the markets are wrong. The Fed is not even going to attempt to fight inflation. It\u2019s going to surrender. Inflation is going to win without a fight…<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

MICHAEL MAHARREY<\/a>, schiffgold, inflation, money printing, credit expansion, central banks, qe, quantitative easing, peter schiff, fed, us federal reserve, gold,<\/p>\n","protected":false},"excerpt":{"rendered":"

The Mainstream Is Wrong About Rising Bond Yields and Gold Prices are going up. The Federal Reserve is\u00a0printing money at an unprecedented rate. The US government continues to\u00a0borrow and spend at a torrid pace. As Peter Schiff put it in a recent podcast,\u00a0we\u2019re adrift in a sea of inflation. Gold is supposed to be an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,7783,303,374,426,23123,538,963,661,662,18779,3650],"class_list":["post-57432","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-credit-expansion","tag-fed","tag-gold","tag-inflation","tag-michael-maharrey","tag-money-printing","tag-peter-schiff","tag-qe","tag-quantitative-easing","tag-schiffgold","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57432"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57432\/revisions"}],"predecessor-version":[{"id":57433,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57432\/revisions\/57433"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}