Loading ...that currently trades like the opposite of a ZERO coupon Bond …neither PAYS Interest !
When the implied rate is Negative Gold goes Down ! and the Dollar is as good as Gold… Its also AKA as a Depression…When interest rate goes up the Bond goes down very fast because the implied rate is then Factored into the Bond Price . As inflation rises Bonds collapse and Gold rises as fast as the implied interest rate collapses the BOND because neither PAY Interest…Its all in the Bond or Gold Price !