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Rising yields threaten gold collapse as price falls to 2021 low – Lyn Alden (Pt. 2/2)
Rising yields threaten gold collapse as price falls to 2021 low – Lyn Alden (Pt. 2/2)
ratings:
Length:
17 minutes
Released:
Feb 18, 2021
Format:
Podcast episode
Description
Gold is not purely an inflation hedge, but more of a hedge against real interest rates, and rising bond yields that have outpaced the growth of inflation expectations has been weighing down on the precious metal, said Lyn Alden, founder of Lyn Alden Investment Research.
“What gold really does is it protects you from an environment where inflation is much higher than the bond yields, and that’s what we’ve seen in 2020 is that gold over the past couple of years had a pretty big appreciation because it was protecting against that. Now, since about late summer 2020, negative real yields have been roughly flat,” Alden said.
“What gold really does is it protects you from an environment where inflation is much higher than the bond yields, and that’s what we’ve seen in 2020 is that gold over the past couple of years had a pretty big appreciation because it was protecting against that. Now, since about late summer 2020, negative real yields have been roughly flat,” Alden said.
Released:
Feb 18, 2021
Format:
Podcast episode
Titles in the series (100)
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