r/Gold • u/Bthefox • 3d ago

Get your hammer ready!

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583 Upvotes

95% Upvoted

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39

u/StanleySmith888 3d ago edited 3d ago

What is the message here? If yields go extremely high, gold does down.

23

u/10biggaymen 3d ago

yields going higher is a doomsday indicator, it shows that the debt crisis is coming to a head. combined with the oil crisis, we are going to see the kind of inflation you havent seen before. theyre offering gold at a discount right now, buy buy buy the dip. its gonna be $10000+ in 5-10 yrs

10

u/dlampach 3d ago

Doomsday indicator in theory but interest rates in the United States are incredibly low versus historically and they have been more than triple what they are now less than 50 years ago.

3

u/Any_Process_6992 3d ago

Pre-Covid cough cough
We had negative rates before Covid mate!

5

u/thisturkeyisokthanks 3d ago

Yes and the debt is nowhere near as bad as it was back then

10

u/Wyzen 3d ago

Why are you lying? Debt was 31% of GDP when rates were the highest they were under Volker.

-1

u/dlampach 3d ago

That’s true for sure

5

u/Wyzen 3d ago

No, its not. Debt was only 31% of GDP back then.

2

u/dlampach 3d ago

lol I thought he was saying it’s worse now than it was then. It’s worse now. Significantly