Simply put, this golden bull market is no longer a safe haven in the traditional sense, but a collective distrust of global capital in sovereign currencies such as the US dollar!

On September 2, spot gold broke through $3,500 per ounce , setting a record high. Silver is not to be outdone, soaring to $40.85 per ounce, hitting a 14-year high

At the same time, the global government bond market suffered a massacre.

The yield on the UK’s 30-year Treasury bond soared to 5.69%, the highest level in at least 20 years;

The yield on the 30-year U.S. Treasury bonds was once approaching 5%, a rare level since 2006;

Japan’s 30-year Treasury bond yield has also hit a new high since at least 2006 recently.

In addition, France’s 30-year yield was 4.49%, the highest level since 2009. Germany and the Netherlands rose to 3.4% and 3.57%, respectively, the highest since 2011;

Don’t think that the surge in treasury bond yields is just a digital game in the financial circle and has nothing to do with us ordinary people.

Treasury bond yields are called “risk-free interest rates” and are the pricing anchor of the entire financial market. As soon as it rises, the capital cost of the entire market will rise.

Simply put, once the yield on treasury bonds rises, it is like the “borrowing cost” of the entire society has been raised . It turns out that you might also want to take out a loan to buy a house, change a car, or expand the scale of your business, but now you see that the interest rate is so high, you may be considered a

This time, the rise in the yields of government bonds in various countries means that the price of government bonds plummeted. Everyone should know that treasury bonds are bonds issued by a country. Everyone sold out treasury bonds, especially super long-term treasury bonds, essentially the beginning of collapse of trust in the government.

Since June 30, the global ultra-long-term bond returns have fallen by 2.6%. A global government bond sell-off is taking place.