What's the Safest Asset?

Gold does particularly well during negative real tbil yields and also the flatter, negative yeal curve. The challenge in this environmenttatt e, there's no truly safe asset. I mean, you know, gold can be volatile, but it generally holds ats purchasing power a long term. Treasuries are less volatile, at least thin nominal terms. But they can taat these decades where they can just do utterly terrible specialyl globally.

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