Quite often discussions pop up that gold has no yield especially when we are suffering low to negative interest rates like we see today.
It’s at times like these when gold shows it’s hand. When low, zero or even negative rates prevail and inverse bond rates exist, suddenly gold looks very attractive.
Remember gold bullion is just a piece of metal, it does not go up and down in price.
What we are seeing is golds purchasing power gain against FIAT currencies, and the weaker they get the further they fall against gold, so it looks the gold is going up and down when it really isn’t
Lets see what Jim Rickards has to say on the subject.