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A comment on Entire German bond yield curve back in sub-zero territory. Parent comment

Re:Entire German bond yield curve back in sub-zero territory by AnimalMuppet on Tuesday August 03, 2021 @01:15PM (#28051697)
Gold. Gold essentially functions as a short on paper currency. If you're wrong, you'll lose money, but it won't be an unbounded loss.
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Re:Entire German bond yield curve back in sub-zero territory by throw0101a on Tuesday August 03, 2021 @03:59PM (#28053423)
Gold isn't as much of a hedge as most people think. Two papers by Erb & Harvey cited in the podcast:

* https://www.nber.org/papers/w18706

* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639284

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