It’s no longer a debate: Hold both gold and Bitcoin as global sovereign debt drives demand for alternatives - 3iQ’s Mancuso - kitco.com
It’s no longer a debate: Hold both gold and Bitcoin as global sovereign debt drives demand for alternatives - 3iQ’s Mancuso - kitco.com
Source: kitco.com
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DW NOTE
The Strait of Hormuz has been effectively closed since February. Gold is down 17.5% from its January high. The 10-year Treasury yield is up 22.7% year-over-year. This isn't a moment that demands alternatives — it's a moment that's already repricing them downward while yields climb past 4.97%. If sovereign debt were driving demand for inflation hedges, the hedges would not be falling faster than the debt itself is compounding.