We now know the eventual policy response will be to print enough money into the system until real yields are once again negative, only reinforcing the long-term underlying demand for those perceived stores of value at the expense of fiat currencies.
...the pro-lockdown position has become a matter of ideological commitment unchained from any evidence or clear data... their accompanying narrative to justify that stance is similarly detached from reality...
"The buyers of physical metal are buying as an alternative to fiat money... They are voting with their feet. They are running away from their fiat currencies..."
