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United States 10-Year Bond Yield

NYSE
Currency in USD
Disclaimer
4.672
-0.036(-0.76%)
Delayed Data

United States 10-Year Discussions

money people so bearish here. its a week of repositioning among players (sell high fliers, buy value).
 You're right about something needing intrinsic value. However gold and silver are only a couple of historical examples of commodities used as money to facilitate trade. Oil, gems, spices, gun powder, lead, bronze, steel, tea, and even tulips have all assumed that role at some point in history. So ask yourself why it has been in constant flux? Well those that don't have it can't trade it and won't recognize those that do because it immediately recognizes someone that is not them as holding an immense amount of power.  This is why gold or gold backed stuff will never be part of a global currency. The majority of the world doesn't hold gold and will never recognize themselves as poor or countries other than them to wield massive power/influence over them. Sorry!
 Ah, I believe where you're wrong. It is the foundation  of the global economic system and they don't want you and the rest of the masses to have any. It is and always has been the best means of establishing the prices of goods and services. That's what Basil III is all about. Futures pricing has been slowly separating from their physical prices and silver is the most obvious current example. Go try to buy a one ounce silver coin for the historic spread vs the spot price.  A one ounce U.S. Eagle is now about $31.00 and the spot  price is about $22.50
 And some of the ETFs are buying physical gold and silver.
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