Loading ...I think it was when interest rates were 18 % and Volker put a stop to it.I bought zero coupon Bonds for 150.00 is my best recollection ….the 18 % rate was not sustainable and rates started to fall ,I recall selling them for 1300.00 ,about 9x ..the point of this is we are in the exact opposite situation today ..rates are zero and bond will go to infinity if a fed chief dosent act in the right way .BUT he is in a bad place for someone that has no choice but to use GOLD to stop the BOND crisis thats about to expload. ..a 18 % negative rate will send bonds 10 times higher .His only option is raise the official price of GOLD ,and he better do it before the Market does it for him ,or he’s going to look impotent and useless.I dont think he is going to do it…He’s a Banker ,a paper money freak…so a runaway Bond market with negative rates where you buy a bond that guarantees you will get 18% LESS money at the end of 20 years is not going to happen…GOLD must rise NOW in order to SAVE the BOND MARKET and its bigger than the STOCK MARKET ….HANG ON it going to be a Bumpy ride….RE FINANCING all this debt with almost all of it short term is a big problem.Clinton got us into this mess when his Treasury Secretary refinanced most of our debt from long term debt to short term debt that had lower rates at that time ,in order to make it look like he balanced the budget ,thanks for nothing MR RUBIN…you destroyed the Bond Market …! NOW what ? You destroyed the savers savings ,you destroyed the insurance companies ability to get a return their money ,so now they cant turn a profit and pay for insurance losses .YOU destroyed all Pensions that werent fully funded ! and depended on the earnings from investments that no longer exist ..Thanks Clinton and RUBIN ,you fucked up everything ..