The Golden Age II
President Trump and Treasury Secretary Bessent are openly pro-gold now. Wow.
Yesterday, Donald Trump Jr. tweeted out a link to buy gold from Birch Gold Group. A screenshot of the link has his father, President Trump, saying to buy gold because the dollar is crashing.
“Our currency is crashing and will soon no longer be the world standard, which will be our greatest defeat frankly, in 200 years.”
-President Donald Trump, in a Birch Gold Group Commercial, January 27, 2025
Anglo world dominance began 210 years ago at Waterloo.
On January 27, 2025, Scott Bessent was confirmed as the 79th US Treasury Secretary, replacing Janet Yellen. The vote was 68-29.[1]
On November 4, 2024, he said that gold was his biggest position in an interview on Capital Allocators with Ted Seides. At the 51 minute Mark, Mr. Bessent said,[2]
“I think we are in a long-term bull market in gold. I think we’re seeing reserve accumulation by central banks. I follow it closely. It’s my biggest position. And even I was surprised the other day when the Central Bank of Poland came out and said that they want to take their gold reserves to 20%.
And, you know, Ted, over my career, some of my best investments have been when a policy, when a government, when a management is driving 90 miles per hour at a brick wall. You assume that they are going to hit the breaks. So that’s how you get the big policy changes. Couple of times I’ve been in the car when they hit the wall. (Laugher) That’s less fun. But, I think that many of my best investments have been detecting, ‘When are you going to get the policy change?’”
Considering that the President and Treasury Secretary openly support gold, this looks like a policy change.
[1]Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts
