Why Buy Bonds When You Can Buy Gold? – Ep. 178

* I wish everybody a happy July 4th weekend; U.S. markets will be closed * It's unfortunate that we can't really celebrate all the traditions that we're supposed to be honoring were lost generations ago * The values our founding fathers risked their lives for have all been lost * I wanted to comment on what is going on in the markets particularly today * Today was the capper on the week * You had silver prices up about a dollar an ounce * Gold closed up about $19, so gold closed above $1340 * Maybe by the time the market opens on Tuesday silver will be over $20/ounce * Who knows, maybe gold will be over $1400? * This is a powerful rally - gold finished at three year highs today * GDX was up about 5% on the day * The stock market didn't do that much today, but the real story, other than the gold market is in the bond market * U.S. Treasury yield plunging again - these are the lowest yields ever * Certainly below the crash lows * The yield on the 10-year treasury is below 1.5% * The yield on the 10-year treasury is 2.24% * So yields are plunging, bond prices are surging * What is going on? * The answer is money printing; Quantitative Easing * The most recent catalyst being the Brexit vote, which scared the hell out of everybody because of the collapse, particularly of the European banks * Now the central bankers are rushing to the rescue all around the worldOur Sponsors:* Check out Chilipad and use my code GOLD for a great deal: https://sleep.me* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy