Bonds

In 19 99, two thousand real rates in the treasury market were up around for three 75, four %. Michael says that either the gold price has to come down, or real rates have to and that's why he recommends buying t l t and shorting, or betting against gold. If real rates come down, the investor would do well on the bonds. And if real rates stay high or push higher, the bonds might tread water. But michael says the bet against gold in that case could pay off handsomely.