First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/10/23/what-happens-to-gold-when-bonds-are-no-longer-a-safe-haven-002853
<p><img src='https://www.moneymetals.com/uploads/content/what-happens-to-gold-when-bonds-are-no-longer-a-safe-haven-social.jpg'/></p>U.S. Treasury debt has long been considered a “risk free” asset. Gold bugs hold a different definition of risk free, but for most of Wall Street and the investing public the assumption has been that there’s zero chance the U.S. government will ever default on its debt. The truth is finally dawning on this crowd. There is more than one way for the U.S. to default.