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And btw, I'm not making the case for or against Gold, simply trying to explain the economics behind the metal and it's purpose in history. It's often been said, if you don't understand the value of Gold, that's a good thing, because it means you have not had to. Think about that.

I think you might lack perspective here. Let me off some. My mother's family grew up in Nazi Germany. In the 1930's when things started looking bad my grandmother got on a train and converted all her currency to Gold and every month went to Switzerland to deposit the gold into swiss banks...

Which points were you disagreeing with him on? BTW, Bass is not placing bets on China. He is actually placing bets on the periphery countries who stand to get hurt from China. He might have a position in the Yuan, not sure, probably through options.

For you lazy people who don't want to watch the video clip: http://www.zerohedge.com/news/2016-07-01/kyle-bass-shares-stunning-thing-central-banker-once-told-him Bass reiterated that China’s lending binge in recent years is unsustainable and it is only a matter of time before this bubble...

Long term? This is a trading site not a ROTH IRA message board. LOL. When the facts change, you can sell your treasuries. They are after all THE MOST LIQUID INSTRUMENT in the world. Personally I think treasuries will be a good trade for next 1 to 3 years. Probably due for a pullback here...

Forget Brexit. The pound has been the most volatile G10 currency going back 100 years. Their entire economy is finance. Therefore they are highly sensitive to credit issues. Go back to 2008 and look at their volatility.

Dude, the pound is a banking stock on crack. Their entire economy is financial services and banking. They are highly sensitive to any risk. THAT is why the pound is volatile. The Euro is the opposite. And where were you when the Euro went from 140 down to 103? That is not stability Nancy...

What on God's green earth are you talking about? I didn't understand a single sentence in this post. And yes, the Euro is a floating currency.

Allowed? The Fed is not buying long duration paper right now but everyone else in the world is. You think the world would not bend over backwards to brag 30 yr govies if they got back above 3% again? Come on. There is no yield in the world right now. Buying long dated US paper not only...

Sin taxes raise very little money and create black markets. BTW, we already have sin taxes on these things at the state level. The city of Chicago taxes ciggies as does cook county and the state if IL which in total is a 100% tax!!!!!!! And yes, it's the most expensive place in the country...

Credit is already tightening. This is not about lending but the value of liquidity. If you think of liquidity as an embedded option then the value of that option is increasing in value thereby driving price higher and yields lower. If anything, lending rates will rise while treasuries...

It's the only yield left in the world and it's probably going lower...a lot lower...the highs are not in yet for TLT. The final move will be spectacular.

https://realvisiontv.com/landing/kyle-bass

All that glitters... Gold, Silver, Platinum and Palladium

Copper...

Yeah Gold and Silver are traded OTC but their domiciled market is London. All the big metal houses are in London and Switzerland. Side note, Marc Rich got his start in metals, not in oil, trading metals in Switzerland.

Just an FYI...the LME is based in London and metals while talked about in the US all the time are really foreign products and always have been. They really are not terribly liquid during US hours. They have always been a London market.

My number line confirmed a week ago. I use London for all metals so ALL my metals are based on overnight moves, not US hours.

Silver...

If only all the perma-bears learned to buy bonds instead of trying to short ES, imagine how rich they would be.