...People want Treasuries when they want nothing else.
...Who knows the what value is when the Fed fixes the Determining Interest Rate ZERO.
Hoosier's note: When Interest Rates IS Zero, the value of an asset is INFINITY!!!
I have tried to explain this in the past, let me try to do it one more time.
100 / 1 = 100
100 / 0.1 = 1,000
100 / 0.01 = 10,000
100 / 0.001 = 100,000
100 / 0.0001 = 1,000,000
100 / 0.00001 = 10,000,000
100 / 0.000001 = 100,000,000
100 / 0.0000001 = 1,000,000,000
.
.
.
100 / 0 =
∞