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<p>[QUOTE=&quot;NorthKorea, post: 2230299, member: 29643&quot;]Hmm... good write-up, Medora.</p><p><br /></p><p>FWIW, OP&#039;s choice of a chart that starts in 1970 is highly deceptive.</p><p><br /></p><p>If you looked at a chart shifted back by even ... say five years ... you get a completely different picture (chart from <a href="http://www.q1publishing.com/blog/viewblog/contentId/672" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.q1publishing.com/blog/viewblog/contentId/672" rel="nofollow">http://www.q1publishing.com/blog/viewblog/contentId/672</a>):</p><p><br /></p><p><img src="http://www.q1publishing.com/public/images/uploads/Gold%20and%20Real%20Interest%20Rates.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>History teaches us (or should) that money goes where people perceive the largest SAFE returns can be gained. In environments of low interest rates or quickly rising rates, people may be afraid to put their money into long-term bonds. However, in high interest or quickly falling rate environments, people flock to long-term bonds.</p><p><br /></p><p>This is why we study the yield curve.[/QUOTE]</p><p><br /></p>

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