Craig Hemke – Is The Trump Administration Prepared To Make A Big Financial Change That Involves Gold?
Craig Hemke, Editor of TF Metals Report, joins us to discuss a number of macroeconomic factors from the revised GDP estimate lower, the weakness in manufacturing, tariff policies, and the ever-increasing US debt issue that are creating the environment of desperation and impetus to make some big financial change... and it may involve gold.
There has been so much news circulating lately from the Trump administration that has financial media speculating about the potential to revalue assets on the US balance sheet, possibly including the price gold is valued at. There are opinion pieces citing that all the tariffs going into place; and that they may be more than just a bargaining chip. Some outlets and pundits have proposed the real motivation behind these tariffs is that they are actually a way to bring funds into the federal government through that form of taxation, which could allow for faster debt repayment or even the formation of a sovereign wealth fund. The debate on the sovereign wealth fund comes down to where the necessary money will actually come from to create it. Then as far as what to buy with the sovereign wealth fund, many are proposing that it could include either gold, energy assets, Greenland, or even bitcoin.
Craig then touches up the proposed idea from Judy Shelton back in 2018, which is circulating once again, where the US could sell long-dated 50-year or 100-year bonds that are indexed or redeemable in gold to make them more attractive. With so many ideas being thrown out as potential solutions, it does have many investors wondering if this administration is on the cusp of announcing some radical financial proposal. He points out that most of the ideas are very bullish for the precious metals.
