Gold is on a roll because real interest rates are negative

unnamedGold is in the second major bull market since President Nixon severed the last link between the dollar and gold on August 1971.  With negative interest rates around the world and real interest rates negative, gold will boom, again.

In the 1980s and 1990s real interest rates were positive and stock markets were booming, hence gold went nowhere.  That alla chnged at the turn of the century.

 

 

This entry was posted in Central banks, Gold standard, Inflation, Interest rates, Money. Bookmark the permalink.

Comments are closed.