Woodford was German, just for one day
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Vorsprung durch TechNeil
2021-04-04
The Curse of the Gold Bugs
Gold performs best in deflationary conditions and second-best when real interest rates are negative. If people belive the inflation narrative hyped by many gold bugs, they will also sell Treasuries which, if the inflation narrative is divorced from reality, drives up real interest rates. Then the deflation case for gold kicks in...
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