CORNYVERSE

While gold has rocketed back toward record highs, long-dated Treasuries—long treated as the “safest asset”—have turned volatile. As of 2025, the safe-haven seat appears to be rotating toward gold, cash-like assets, and short-term bonds . Here’s why the shift is happening—backed by the key data.  📌 Read this first For the record-high breakout in early September and a checklist on the Fed, USD, and ETFs, see the previous post .   🎯 Key Takeaways ✅ #1 driver of the gold surge: sustained central-bank buying + renewed investor demand via ETFs ✅ The bond dilemma: with inflation and fiscal supply in play, long duration can behave more like “volatility” than “safety” at times ✅ Portfolio implication: strengthen the roles of gold, cash-like assets, and short-term bonds; approach long duration conditionally Details follow in the sections below. ...

In early September, gold broke above $3,500 per ounce, extending its strong year-to-date rally. A weaker dollar, expectations of Fed rate cuts, and steady buying by central banks and ETFs all kicked in at the same time. 👉 Next post For a follow-up that frames bonds and safe-haven assets after the gold surge, check the sequel post .   🎯 Key Takeaways ✅ In early September, gold printed fresh all-time highs (in the $3,500s/oz) and is up roughly +30% YTD. ✅ Drivers: weaker USD + expectations for Fed cuts + expanded buying by central banks & ETFs, plus geopolitical/policy uncertainty. ✅ What to watch: the Fed’s September meeting, USD trend, ETF holdings, and whether major central banks remain net buyers. 🔥 Why Gold—Again—Right Now Recently, gold broke above the $3,500 line and set a new all-time high. This isn’t just a short-term blip; it aligns with a trend rally that has pus...