But climb to a higher level and see a pattern that may explain the bond-gold conundrum.
With monetary stability assured by the gold standard system, bond yields fell everywhere to very low levels.
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The best hope for equity investors in 2012 is that both the gold bugs and the bond vigilantes are wrong.
David Ranson of Wainwright Economics, a consultancy, has examined how gold and corporate-bond spreads have worked as a guide to asset allocation since 1978.
ECONOMIST: Why are both Treasury bonds and gold performing so well?
On the other hand, housing didn't produce returns as high as high-grade bond funds or gold.
The Wall Street Journal said MGM executives had been particularly irritated at a part of the trailer in which Myers's character is painted in sparkling gold, the trademark of the Bond film.
Over the year to end-May gold was up by 25% while corporate-bond spreads narrowed sharply.
ECONOMIST: Why are both Treasury bonds and gold performing so well?
Bill Gross of Pimco, the world's largest bond fund manager, in February described gold as a "decent hedge" "OK, so I made a bad call, " he admitted in a tweet on Monday, but added that he "would still buy gold here".
In times of falling equity or commodity markets, rising bond yields, inflation or increasing risk aversion, gold shines.
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QE3, you see, has repercussions for the dollar, for the direction of gold, for the direction of interest rates, and therefore bond prices.
Both Tepper and Stepherson spoke about the increased correlation between gold, oil, copper, equities, and falling dollar and bond yields.
Other than gold and by default, silver, U.S. Treasury bond exchange traded funds were the biggest winners of the last two weeks.
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The low bond yield signals no fear of inflation, but the high gold price signals the opposite.
The US government then attempted to pay this last bond at a fraction of the face value and not in gold but paper.
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Earlier in the session stock market values fell sharply and anchored gold, while the U.S. dollar rose and U.S. bond yields fell.
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Viewers are being asked to vote on their favourite moments, such as Mo Farah's gold medal wins, Ellie Simmonds' swimming triumphs and even the Queen's James Bond-style skydive.
December gold rose steadily in August and September, first on expectations and then confirmation of more bond buying from the Federal Reserve referred to as the third round of quantitative easing and aimed at pushing push down long-term interest rates.
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In short, when the dollar is in decline limited capital tends to flow toward hard assets such as gold, land and rare art that already exist, and away from the stock and bond income streams that will fund the creation of wealth that doesn't yet exist.
When gold was at its real all-time high in 1980, the ten-year Treasury-bond yield was 10.8%.
ECONOMIST: Why are both Treasury bonds and gold performing so well?
The fifth bond was offered to US citizens at 4.75% interest and was to be redeemed in gold.
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If the Fed did take its foot off the bond-buying pedal sooner than planned, such a move is apt to shake the resolve of some gold buyers.
Any bond investor will tell you that, assuming a currency of stable value such as is provided by a gold standard system, yields on high-quality debt will tend to decline in a recession.
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