So much so that the relationship between gold and inflation-adjusted “real” interest rates is starting to weaken amid concerns about the economic outlook and rising prices. Usually, real rates are negatively correlated with gold. Not this year, as real rates have increased, the gold price has remained resilient.
Err I tot Bitcoin was supposed to have taken gold’s place? Sell Gold, Buy Bitcoin?
Related post: Bloodbaths galore this week/ BS about Bitcoin (Fyi, it’s now around US$39,000)
Thoughts of a Cynical Investor 