Rob Kientz digs into the rumours swirling around a potential US gold-backed bond, tracing the idea from Alan Greenspan’s 1981 proposal to Dr. Judy Shelton’s push to revive it as a “Treasury Trust Bond.” He walks through Shelton’s own arguments for the bond, then pressure-tests them against the reality of US gold reserves, national debt, budget deficits, and the trade balance, questioning whether the numbers can actually support the plan.
Rob also explores how foreign holders of US Treasuries might respond if such a bond were issued, and why he believes the move could accelerate de-dollarisation rather than restore confidence. What he finds may not be what either side of the gold debate expects.
