Loading ...highlights the problem in the BOND Markets which is more important at this juncture than the Stock Market because its bigger than the Stock Market ..Gold is yielding MORE than many Sovereign Bonds..,I ask what happens when GOLD YIELDS more than the Treasury bonds ? When they yield less than GOLD ..its all over ! BONDS are worth ZERO without a YIELD .YEARS ago I bought “ZERO COUPON BONDS” when interest rates were 18 % ..I bought them for $150.00 per $1000 Bond.After Paul Volker ended his rate rise as Yield fell and I sold my Bonds for $1300 .00 each…Very nice …thank you Volker …Now we have the opposite ! Gold Yields more than BONDS and I BUY GOLD very Cheap instead of Bonds and I expect probably a 10X return on it…
BUT along with the destruction of Bonds means the destruction of DEBT public & Private ….thats going to be Painfull .ITS the DESTRUCTION of CREDIT ! you pay CASH ! for your needs….NO credit Cards !CASH will be KING and GOLD its Master .When people cant make car payments the Price will plummet from 40,000 to $4000…….for the cash buyer !