No single ticker was named. Gold & precious metals ETFs are one way for retail investors to get exposure. Not a recommendation.
US Treasury allows precious metals to run
The guest argued that the US Treasury is intentionally allowing gold, silver, and other precious metals to rally as part of a geopolitical strategy to redefine the global financial order.
The argument
Caitlin Long noted that unlike past administrations, Treasury Secretary Scott Bessent is not trying to talk down the price of gold. She suggested this is because the US holds the largest gold reserves, and a revaluation of gold on the Fed's balance sheet would help cover its financial deficit.
The thesis, stress-tested
✓ What validates it
- ✓Official repricing of gold on the Federal Reserve balance sheet above the historical $35 per ounce valuation
- ✓Continued outperformance of precious metals relative to fiat currencies
▸ Risks discussed
- ▸Potential leverage and paper claims in gold ETFs (estimated at 100-to-1) could lead to settlement issues during a squeeze
- ▸Geopolitical tensions between the US and Europe could complicate gold repatriation
Hear it yourself
"But I think anyone who was watching and listening Scott Bessent, even before he became Treasury Secretary is not surprised that gold and silver are running and you don't have what you would typically expect, which is a US treasury secretary talking it down."
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