Name: 金は王様ですが、あなたはそれを買うべきですか？カウントするチャート (Gold is king but should you buy it? Charts That Count)
Uploaded: 2021-01-14T11:21:45.000Z
Duration: 3 min 22 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

法助動詞 B1

And this must mean something and probably nothing good

considering gold's long-held association with fear,

hoarding, inflation, and, to exaggerate slightly,

the collapse of the modern monetary system.

To begin with, gold is priced in dollars.

And the dollar has recently hit a two-year low.

So the question becomes, why is the dollar weak?

This in turn depresses interest rates and bond yields,

diminishing investors' demand for dollars

are stuck at a very low level, but it is worse than that.

Not only are bond yields low, but at the same time,

as the Federal Reserve keen to protect the American economy

is printing dollars and cramming them into the US economy.

is, yields after inflation, are not just low.

And when real yields fall, gold which yields nothing

Gold, the dollar, bond yields, inflation expectations,

falling real yields - they all make a certain logical sense.

Should we therefore be buying gold today?

Well, in order for gold's ascent to continue,

This requires that inflation expectations

keep going up at the same time as low growth expectations keep

nominal yields pinned right where they are.

Back in 2011, in the last crisis, like today,

the Fed was intervening strongly in a sluggish economy

Investors then made the same bet on stagflation and gold.

In fact, all predictions of inflation since the last crisis

to get inflation up to its two per cent target have failed.

That many investors are willing to take that wager shows just

字幕リスト動画再生

金は王様ですが、あなたはそれを買うべきですか？カウントするチャート (Gold is king but should you buy it? Charts That Count)

stick

slightly

exaggerate

crisis