Gold, Silver Rise as Bessent Doubles Treasury Buybacks - SD Bullion
Gold, Silver Rise as Bessent Doubles Treasury Buybacks - SD Bullion
Source: SD Bullion
―
DW NOTE
Bessent is buying back Treasuries at twice the previous pace while the 10-year yield sits at 4.69% and climbing. That's the Treasury Secretary monetising debt in real time — not through the Fed's balance sheet, but through direct buybacks funded by new issuance. Gold rallied 6.77% this week not because investors suddenly love shiny rocks, but because the alternative is lending to a government that retires its own bonds at auction.