Gold and bond yield which of them reflect the true?

Goldman Sachs is expected to continue the falling of gold prices until 2014

The world has witnessed over the past year rising gold prices to their highest levels in history where the price ounce $ 1900 U.S. and that at a time when bond yields decline continued due to the global financial crisis, particularly the sovereign debt crisis, so that the return on U.S. bonds exceeded 2 per Shortly percent.
And gave each of the gold prices and bond yields wrong signals about the future of inflation. The question that arises here is it possible that both indicators are correct? The answer is of course not. If we wondered whether it was possible to be at fault, the answer is yes.
I think that investors are divided into two parts, with the first section finds that the world will enter a phase of contraction, while others see that the phase of inflation will start again.
It has been shown historically that it must sell gold or bonds when the arrival of precious metal prices and rates of return on bonds to record levels and that regardless of the circumstances. It must always be remembered that history repeats itself in different times and places.
If maintained the rate of return on U.S. bonds at current levels or dropped it means that the U.S. economy may enter a recession, but we do not see signs that we do not believe that the U.S. Federal Reserve will allow that to happen. Accordingly, and as I pointed out earlier in this corner, the lower levels of bond yields around the world is a trap for investors who are affected by format. Why anyone who may wish to lend to governments at low interest rates, such as this? Hope remains equity investors hung in gold prices to be actually reflect the fact that it indicates that inflation is definitely coming.
Although the stock may be better off compared to government bonds in the face of inflation, but investors will suffer also, but to a lesser degree of bond investors.
Tend valuations based on the average price for returns to be generally higher when rates are low or stable inflation and that is exactly what is happening today. If inflation rates began to rise sharply, it will force the central bankers in Europe and the United States to abandon the very low interest rates and start studying the possibility of lifting. This scenario is unlikely at the current stage, and I think that the world is concerned about economic growth than inflation risks. As I see that there is always hope to see governments take decisions to adopt a policy of quantitative easing as alluded to by the minutes of the last meeting of the U.S. Federal Reserve.
The situation for investors in stocks is not very worrisome. We noticed throughout this year that the reactions of these investors were not geared towards the foundations of the economy but focused on how they differ from expectations personal, as they look forward to next year and the future overall terms disappear bad news all as they do not see that this bad news may be repeated in the future. Based on all of the talk about recession in 2012 offset by investors look to rebound sharply in 2013 and the years that followed. Besides, smart investors were working on the purchase of shares in companies that have a strong financial position too.
I think that equity investors are hoping that the performance of the price of each of gold and bonds are wrong. We Dima Capital believe that the global economy will find his way either inflation or recession as it did so many times in the past, and will reward investors in equities heavily on their patience.