Disliked{quote} i made a couple posts about bond futures probably while you were on vacation looking like they bottomed and that im buying TLT for my retirement accounts so thats another negative on all the other negative reasons for gold because people will get out of gold and buy bonds since they make money on interest and price of the bond increasing so they get a double bubble. {image}Ignored
Even if they have done that, which they haven't because they hardly had a yield on them since 2008, which is why there have been 5 US bank failures so far this year, the US government can't afford to pay the interest on the bonds at 4, 5, 6 percent without either massive spending cuts, which they won't do, or massive inflation. Bond yields have been rising at the moment precisely because of the US budget deficit worries.
US Bonds are only as good as the governments promise. That alone should be of a slight concern, regardless of the political side of the fence anyone is on.
Remember that it was just a few years ago that the Yen was considered a safe haven? Below shows how quickly hyperinflation can take hold.
EDIT: The crucial component that is currently missing is fear. But it will come.