Why gold and Bitcoin surged together: What Treasury buybacks teach investors about dollar debasement

Key lessons for gold and Bitcoin investors A Treasury buyback is not free money: The government repurchases older bonds, usually while continuing to issue new debt. Buybacks can calm markets: They add demand and liquidity to parts of the Treasury market, which can pull bond yields lower. This was not the same as Federal Reserve quantitative easing: The Treasury is managing government debt, not…