Chart 1: Bonds Vs. Gold |
And here is my updated version based on the charts GOLDAMGBD228NLBM and DGS10:
Chart 2: Bonds Vs. Gold |
The decoupling of the two charts seriously went into overdrive from 2008 onwards. Guess what, that year marks the start of the QE programs to keep interest rates low. I wonder which one of the two charts will be the ultimate loser. (it won't be gold because marginal cost of production is $1500/ounce)
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