11 Comments
User's avatar
John Galt's avatar

Haven’t seen anyone else say anything like it although it’s frequently said by people that gold has outperformed S&P. Not the reason why tho

Mark Cox's avatar

Great piece of research.

Saâd’s Arbitrage's avatar

One the best research pieces I've read

Satchmo's avatar

Interesting read Stefan! Also 2028 is a Shmita year which ties in nicely with your analysis

Ed81's avatar

Thought provoking. Will need time to fully digest but definitely worth the attention to ponder on

Blair's avatar

Excellent. Data driven contrarian.

Ben's avatar

Rates were rising during 2022, yet gold were also sideways up and up with rates stay high above 2% since 2022. Am i wrong or what ???

Digital Asset Research's avatar

Yes. Look at 10 yr real rates.

Thinker's avatar

Do any of the developments coming from this current war change the thesis of this piece?