U.S. Treasury’s gold revaluation could restart the ‘debasement trade’ as yield pressures fade – UBP’s Kinsella - Kitco
U.S. Treasury’s gold revaluation could restart the ‘debasement trade’ as yield pressures fade – UBP’s Kinsella - Kitco
Source: Kitco
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DW NOTE
The Treasury doesn't revalue gold to restart trades — it revalues gold because it's broke. When 10-year yields hit 5.24% and the deficit runs at 6% of GDP, marking to market becomes a balance sheet necessity, not a debasement signal. UBP is mistaking the symptom for the strategy.