Treasury Inflation-Protected Securities are now yielding 2.3% above inflation. That's not a free lunch anymore — that's a reason to own bonds instead of gold. Institutional money is noticing.
Real yields: the single most important variable in gold pricing that 90% of retail traders have never Googled. Here's your free PhD: gold pays zero. TIPS now pays 2.3% above inflation. Every year you hold gold instead, you're leaving 2.3% on the table in real terms. So before you decide — is the cost of holding gold going up or down right now? And what does that normally do to its price?