Could Gold Go To $3,000/oz?

By Kenton Ralph Toews

About 25% of total government debt around the world has a negative interest rate. It’s all from European countries. However the US may not be far behind. The Fed has already started lowering rates despite there not being a recession.

What would happen if US government debt, and the rest of the world for that matter, all went into negative yielding territory? If the correlation between negative yielding government debt and the gold price maintains the same relationship, what would that do to the gold price?

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