Gold Below $4100, Silver Sub-$60 as US Borrowing Costs Hit 2002 Level - BullionVault
Gold Below $4100, Silver Sub-$60 as US Borrowing Costs Hit 2002 Level - BullionVault
Source: BullionVault
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DW NOTE
US 10-year borrowing costs haven't been this high since 2002, when the federal deficit was $158 billion. Today it's $1.97 trillion and rising. The Treasury is paying 2002 rates to finance a deficit twelve times larger — that's not a return to normalcy, that's repricing sovereign risk in real time.