Cazenove Capital Favors Gold Over Bonds as Uncertainty Hedge

The video discusses the current state of the bond market, highlighting extreme volatility and the challenges of hedging in a low-yield environment. It explores the shift from bonds as yield instruments to capital appreciation tools, and the role of bonds in hedging against economic uncertainties. The discussion also covers the potential issuance of ultra-long bonds in the US and the implications of a global economic slowdown on bond strategies.

In what circumstances might one consider holding ultra-long bonds, as mentioned in the text?

What are the potential risks associated with selling long-term bonds in the current market environment?