Otavio (Tavi) Costa – Twitter, Released on 4/18/22
Don't forget what happened in the 70s:
Nominal yields trended higher and gold followed along almost perfectly. pic.twitter.com/xwFcPaGcnH
— Otavio (Tavi) Costa (@TaviCosta) April 18, 2022
Gold rising as global bonds collapse: gold will play a major role as a monetary asset added by Herman James on
View all posts by Herman James →
I have been waiting for this day for 30 years. Brilliant !
Please provide a much much more extensive data dump.., in coming days. Please provide a more thoroughly detaied data dump with fuller historical details. I know this has already arrived, ( it is baked into the fiat money cake at the New York Fed. And now YOU SEE IT UNFOLDING, It is the harbiger for a cataclismic NewYork Banking collapse that will make 1908 look trivial.
Gold is a trivial little preposterously overpriced niche fungible commodity worth less than 1% of global assets and is of no financial relevance whatsoever and it will continue to decline as it plummets towards and to its mean of $456 and head lower.
I’m reminded of reading a comment in a discussion forum two years ago and a guy was pooh pooing Covid claiming it was just another cold/flu. He said: “Wake me up when it causes 30,000 fatalities.”