Lawrence Lepard: Long-term U.S. Treasuries have fallen 85-90% in gold terms since 2014 - tradersunion.com
Lawrence Lepard: Long-term U.S. Treasuries have fallen 85-90% in gold terms since 2014 - tradersunion.com
Source: tradersunion.com
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DW NOTE
Long-duration Treasuries have lost 85-90% of their value in gold terms since 2014, according to Lawrence Lepard. That's not a mark-to-market wobble — that's a decade-long wealth transfer out of the asset class central banks told savers was risk-free. Gold is at $4,467, down 16% from its January peak; the 10-year Treasury yields 4.77%. The decline in real terms precedes this year's moves by over a decade.