One paragragh from a great article. London-based market analyst Charlie Morris says we should, in fact, view gold as a kind of bond in its own right. “In asking what kind of bond it is,” he says, “I came up with five answers:

• It is a zero-coupon because it pays no interest.

• It has a long duration because it lasts forever.

• It is inflation-linked, as historic purchasing power has demonstrated.

• It has zero credit risk, assuming it is held in physical form.

• It was issued by God.

That means gold is simply a zero-coupon, long-duration inflation-linked bond. It compensates you against past debasement and is impacted by the expectation of how rates and inflation will change in the future. It works.” http://https://goldseek.com/article/masters-universe-and-gold-bond-issued-god