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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (652)6/24/2002 3:13:53 PM
From: Jim Willie CB  Respond to of 89467
 
Zeal updates "Real Rates & Gold"
excellent overview of a major reason why gold is rising
after inflation (then taxes) rate of interest on shorterm treasurys is nil

zealllc.com

this is an update of his original essay last summer
on the same subject

I think zero real rates, wide trade gap, lost confidence in american economy/ leadership, and intl tension are the major reasons
the last several can be found in the press
the first never appears

imagine being a wealthy blueblood with $50M tucked away safely in bonds
if you prefer being relatively liquid, immune from shifting rate risk, you tend toward 3-month and 12-month treasurys
with a robust 1.75% rate, YOU LOOK ELSEWHERE
and history reveals a strong track record
/ jim