The historical inverse correlation between gold and US real tenure rates broke in Fall 2022 for the first time in Groman's 29-year career, indicating that the US debt and fiscal position has crossed a tipping point where rising rates now signal future monetary debasement rather than tight money, making gold responsive to fiscal stress rather than monetary tightness.
factualpending
Speaker
Luke GromanEvidence Quote
“in the fall of 2022 which is United States real rates uh inverted always correlated throughout the vast majority of my career with gold in other words as real rates rose gold fell and vice versa that stopped that that that correlation broke for the first time in my career I've been doing this 29 years”
Source
Luke Gromen: Expect Market Turbulence Ahead Due To Tightening Liquidity— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 10:19:56 PM
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