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  "documentTitle": "VanEck Merk Gold Trust | Market Presentation Deck | 24 slides",
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  "presentationDate": "2021-07-01 00:00:00",
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  "notes": "The chart illustrates the calculation of real rates as nominal rates minus breakeven inflation rates.",
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      "text": "Weekly 1/1/2010 - 7/19/2021: US (-1.08), UK (-2.89), Japan (-0.08), German (-1.65)",
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      "text": "Source: Bloomberg, © Merk Investments LLC. Real interest rates are 10 year sovereign bond yields versus the so-called breakeven rate (market based inflation measure based on inflation-linked bond). G4 = U.S., U.K., Germany, and Japan",
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      "text": "Real rates account for inflation expectations. A negative real rate suggests that inflation will be higher than the nominal interest rate.",
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      "text": "Real G4 Rates (10yr nominal - 10yr breakeven)",
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