The Long Term Bond Reintroduction Is a Lightning Bolt

Tom Zoellner: The idea of a 5% gold redemption clause on long-term bonds was "a lightning bolt" to him. He says it makes sense, but he couldn't wrap his head around how the old could compete with the new in an economic system that subsidizes everything from gas cars to electric vehicles. This is another piece of the puzzle when you say 'long term bond reintroduction,' said Zoellner.