5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP553: Why Hard Assets are Positioned to Outperform w/ Tavi Costa

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Role of Yield Curves in Portfolio Positioning

Gold tends to outperform stocks over the 24 months after a yield-curven version and on a relative basis, it actually outperformed the S&P 500 by 147% after the 1973-74 version. The two-versus-tans inverted about two years before the downturn during the global financial crisis. Every time you go above the 70 percent handle, when 70 percent of the yield spreads are inverted, there is a recession. Recession meaning there's a downturn in the business cycle where a lot of things can happen.

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