China GOLD Imports Surge Amidst US Debt Market Meltdown

China's gold imports are surging as the U.S. debt crisis intensifies, highlighted by a 17-basis point spike in 10-year yields.

Source: DepositPhotos

China's once again starting to import a staggering amount of gold, but while they're doing that, back in the West, the U.S. debt crisis is entering a new level of concern.

In due time, today may well be looked back on as one of the points where things started to get a little bit out of control, as the alarm bells were ringing loudly in the bond market today, where the 10-year yield jumped by 17 basis points.

It's the kind of thing that doesn't get as much attention because it's not directly related to the stock market, but in reality, it's a lot more important and impactful. And to find out more about what happened and how it's affecting the gold and silver markets, click to watch this week's show now!

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