Gold Surges on China's Dollar Comments as Stock Markets Slide; Private Investors Offered New Access to Gold Investment in Asia

"Two-year US Treasuries neared today's Wall Street open yielding just 3.62% per year down 10 basis points for the day so far. And despite the US Dollar losing more than one-third of its value against the world's other major currencies since spring 1978 – and despite a loss of domestic US purchasing power of nearly 70% over that time – the Treasury Department is set to auction $5 billion of 29.5-year bonds on Thursday. Just who expects the US Dollar to have any value at all by May 2037 is unclear. "