Now gold is the high yield alternative at 0%
Jim Bianco? @biancoresearch 14h14 hours ago
For 5,000 yrs gold’s problem was it had no yield. Welcome to “the upside down” of negative rates. Now gold is the high yield alternative at 0%. I expect more negative debt ahead and this relationship to hold. Hence, high gold prices. So reach for yield. Reach for gold at 0%! https://twitter.com/rhema3117/status/116718975061828403 2
Jieen right on the moneym Bianco’s a. rock star=a wise Wall St veteran analyst–always been right on the money-been. around at least 20 years.
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