One More Point

Or, really, more of a clarification.  I tend to draw a distinction between currency debasement and interest rates rising...well, because they are actually two different trades.  The former can happen whether or not you see the latter.  QE and other similar programs are akin to the revaluation of gold from $20 to $35 under FDR, which turned deflation into inflation within the month and had the most obvious impact on the value of the dollar.

So, given that much of the money created as part of QE is used to buy up federal debt, why should we be at all surprised that rates have stayed low?  Treasuries are a rigged game, and anything that I've done to get short has been more a test case with little capital at stake, recognizing that the time might not be right yet.  My move into gold, with conviction, several years back is much more about the risks of fiat currency.  And that trade has worked out very well.