⛏ So America Is Bailing Out...Itself?

So America Is Bailing Out...Itself?
Recently, the U.S. bailed out Japan. The latter had accumulated government debt that, on a per capita basis, dwarfed that of any other country ever. Its currency, the yen, had been falling in value and its interest rates had been rising — a potentially fatal combination that might force Japan to dump its $1.1 trillion of U.S. Treasury bonds, thus pushing Treasury prices down and dollar interest rates up (also a dangerous combination). Read on »

Gold price rises, silver slips on Treasury cash-pile buyback signal
Gold rose while silver slipped on Monday after CNBC reported that Treasury Secretary Scott Bessent could tap a $935 billion cash pile to fund bond buybacks, pushing long-term yields lower. The department could draw on the Treasury General Account to fund buybacks of higher-yielding older securities, CNBC reported Monday, citing two senior Treasury officials. Read on »

Gold: From DC’s “Enemy” to Its Last Hope?
As headlines from the Iranian “conflict” continue to leave the world guessing as to what, if any, military, political and financial solutions lie ahead, we can at least know this much: The approaching autumn looks a bit scary. Read on »