The recipe for happiness is to see the bright side of even negative situations. Positive interest rates are rather bad news for gold. Here’s why. This is a huge change, perhaps a game-changer! What do I mean? The chart below – which is one of the most important charts about the current US economy and the gold market – tells the whole story. Q1 2022 hedge fund letters, conferences and more Why? Because gold performs much better during periods of negative real interest rates than positive ones. This is because gold is a non-interest-bearing asset, so the higher interest rates, the higher the opp…