Gold Is Soaring, Treasury Bonds Are Crashing — What Does It All Mean?

One of the safest bets in the world is no longer safe — and it’s costing you.

The bedrock of the global financial system trembled this week, and Americans are about to feel it in their wallets. US Treasury Bonds – the foundation of America's ability to borrow money affordably – are experiencing one of their most dramatic selloffs in decades.

It's a common misconception that the US simply calls up other countries to borrow money. I…