Bubbles, bonds, and gold

Bonds are debt instruments that allow the issuer to raise capital in return for payment of an interest rate over the life of the bond, which is typically 10 years (but up to 30 years and more), before the borrower needs to repay the debt on its maturity. Governments love to issue these things and they have probably US$80 trillion out in the market place, and corporations probably have another US$20 trillion or so as well. By Barry Dawes*

Bubbles, bonds, and gold Bubbles, bonds, and gold Bubbles, bonds, and gold Bubbles, bonds, and gold Bubbles, bonds, and gold

All types of investors love to buy these bonds because they provide a steady flow of interest income at a supposedly lower risk than a dividend stream from equities and so are greatly sought after by