Gold-Backed Treasury Bonds

In this appearance on the Flyover Conservatives Show, Dr. Kirk Elliott returns to Treasury Secretary Scott Bessent's hiring of sound-money advocate Judy Shelton and walks through how her proposed gold-backed Treasury bond would work, with holders able to redeem at maturity in either dollars or the ounces of gold set aside when the bond was issued. He explains why he sees the idea as a way for the United States to compete with China's growing gold vault network, and connects it to a widening federal deficit and annual interest costs that now exceed a trillion dollars. He also discusses signs of closer federal oversight of precious metals dealers, why he welcomes rules that would hold the industry to transparent pricing and suitable recommendations, and how buyers who paid high premiums for commemorative coins may struggle to get a fair price when they sell. He explains why low-premium bullion with an established global market offers liquidity as well as long-term value, and invites viewers to schedule a consultation with the KEPM team.