Click here to get this article in PDF
Bloomberg/Liz McCormick, Tracy Alloway and Stephen Spratt
Repost from 3-5-2021
“Bond traders have been saying for years that liquidity is there in the world’s biggest bond market, except when you really need it.”
USAGOLD note: It’s not like that need comes and goes. It is consistent – even ever-present. One wonders what liquidity would be like if the Fed were to suddenly withdraw its support. A full 54% of U.S. government-issued debt in 2020, according to Crescat Capital, was purchased by the Federal Reserve. Add to that the $1.9 trillion stimulus package and ……well, you get the picture. A house of cards, as we have said before, is still a house of cards no matter how elaborate.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.