GOLD'S #1 ENEMY JUST HIT A 2008 CRISIS LEVEL (Here's What Comes Next)

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The video discusses the relationship between gold prices and US 10-year TIPS real yields, highlighting historical trends. It notes that real yields have surged to their highest levels since 2008, while gold has remained strong, trading above $2000 per ounce. The analysis points out that real yields are at their highest since 2008, and gold has managed to stay strong despite this, indicating resilience. Several factors are identified as driving this resilience: 1. Oil prices are high due to geopolitical tensions and supply chain issues, contributing to inflation. 2. The Federal Reserve's monetary policy, while tightening, is being closely watched. 3. The US national debt is significant, and rising interest rates increase the cost of servicing this debt. 4. Savers are beginning to see positive real yields on safe assets, which challenges gold's traditional role as a safe haven. However, the video suggests that gold's strength under pressure, the continued buying from central banks, and the potential for a 'healthy shake-out' indicate a robust underlying demand. The analysis concludes that while real yields are high, gold is performing well and may continue to do so due to these underlying factors, suggesting a potential for further upside if central banks pivot or if economic pressures intensify.

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