ByteTree/Charlie Morris/4-5-2023
“Last month, I wrote how the last time government bond yields rose above 4%, it brought down the UK government. It happened again, and five banks, including the almighty Credit Suisse, failed. As a result, an old driver of the gold price has re-emerged, which is Sovereign risk. Get used to a sustained gold price above $2,000 and beyond.”
USAGOLD note: Morris says money printing, sovereign risk, and gold are in bull markets.
