High interest rates in Europe over the past few years provided an attractive alternative return to gold, causing some European investors to rotate out of gold and into government bonds as yields became positive in real terms.
causalpending
Speaker
John ReedEvidence Quote
“I came across many ETF investors uh over the last few years who had turned to gold because they didn't want to pay negative interest rates when they were buying government bonds. Um so, you know, I'm not surprised we've seen profit taking from some of those.”
Source
Europe Is Cracking – Gold Demand Explodes, What Comes After the Crash? | John Reade— Soar FinanciallyCreated: 8/11/2026, 6:47:47 AM
My Notes
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