[gsc] gold interest rates > dollar interest rates

This is so startling it makes me wonder whether Kitco is posting bad
data, but according to their website today:

October 07, 2008
  	  		Change
1 m 	2.6971% 	+0.8379
2 m 	2.7584% 	+0.8346
3 m 	2.8843% 	+0.8205
6 m 	2.5449% 	+0.7341
1 y 	2.4243% 	+0.6718

Since the US federal funds rate is 2%, this means you'll pay more
interest to borrow gold from a bullion bank than to borrow dollars from
the Fed.  Couple months ago short-term gold interest rates were
negative.  They were paying people to borrow it.  Today it looks like
they don't want to let it out the door any longer.  I can't recall the
last time the first digit wasn't a zero, let alone a two.

Cheers,

-Kevin