{"id":57926,"date":"2021-05-19T05:31:44","date_gmt":"2021-05-19T10:31:44","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57926"},"modified":"2021-05-19T05:31:44","modified_gmt":"2021-05-19T10:31:44","slug":"heads-gold-wins-tails-gold-doesnt-lose-jim-rickards","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57926","title":{"rendered":"\u201cHeads, Gold Wins; Tails, Gold Doesn\u2019t Lose\u201d \u2013 Jim Rickards"},"content":{"rendered":"
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\u201cHeads, Gold Wins; Tails, Gold Doesn\u2019t Lose\u201d \u2013 Jim Rickards<\/a><\/h3>\n<\/div>\n<\/div>\n<\/section>\n
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\"Heads,<\/p>\n
A set of gold and silver chess pieces. Credit\u00a0Luis Muzquiz<\/a><\/span><\/div>\n<\/div>\n

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How gold could soon break out, U.K.\u2019s Royal Mint experiences peak bullion demand, and why silver can go up much higher.<\/p>\n

Heads, Gold Wins; Tails, Gold Doesn\u2019t Lose<\/strong><\/p>\n

As The Daily Reckoning contributor\u00a0Jim Rickards notes on Zero Hedge<\/a>, the worst-case scenario for gold appears to be running its course. It\u2019s often stated that the stock market is gold\u2019s primary competitor, but the inverse correlation between the markets has been absent for some years. Instead, bonds position themselves as gold\u2019s archnemesis as investors look at the two and ask themselves: which is the better safe haven?<\/p>\n

When the $900 billion December bailout was followed by a $1.9 trillion one and promises of $3 trillion more to be printed, investors were quick to expect inflation, and with good reason. Taking a look at the two safe-havens, Rickards hypothesizes they believed Treasuries were preferable with rates climbing off the floor of 0.508% in August 2020, and bought bonds instead of zero-yield gold.<\/p>\n

To Rickards, this is what caused gold to remain rangebound over the past few quarters, (though it\u2019s a pretty good range). The problem is that investors were too hasty in their inflation expectations, while placing too much faith in government bonds.<\/p>\n

Rickards believes 10-year Treasury yields peaked at\u00a01.74% on March 31<\/a>\u00a0and are unlikely to spring back up. That view isn\u2019t difficult to corroborate given the dire straits of the global bond market.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cHeads, Gold Wins; Tails, Gold Doesn\u2019t Lose\u201d \u2013 Jim Rickards A set of gold and silver chess pieces. Credit\u00a0Luis Muzquiz This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How gold could soon break out, U.K.\u2019s Royal Mint experiences peak bullion demand, and why […]<\/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":[18769,124,303,374,426,431,1013,534,647,3650,2721],"class_list":["post-57926","post","type-post","status-publish","format-standard","hentry","category-economics","tag-birch-gold-group","tag-central-banks","tag-fed","tag-gold","tag-inflation","tag-interest-rates","tag-jim-rickards","tag-monetary-policy","tag-precious-metals","tag-us-federal-reserve","tag-us-treasuries"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57926","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=57926"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57926\/revisions"}],"predecessor-version":[{"id":57927,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57926\/revisions\/57927"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}