Swiss America: Gold Standard News Daily

8.25.26 - Bessent to tap near $1 trillion Treasury General Account?

Gold last traded at $4,666 an ounce. Silver at $68.91 an ounce.

EDITOR'S NOTE: Sometimes I read the financial news, especially when it comes to our government, and find myself asking; can they really be serious? The Treasury is reportedly considering using nearly $1 trillion in its General Account, essentially its "rainy day fund," to buy back Treasuries in an effort to keep the debt machine moving. But when $1 trillion doesn't even cover the annual interest on our national debt, draining the rainy day fund while continuing to issue more debt raises a very simple question: What are we actually accomplishing? These numbers are no longer just eye-opening, they're becoming downright alarming.

Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said -CNBC

by Steve Liesman

The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials.

Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields. The Treasury surprised markets last week with an announcement that it would be doubling the size of buybacks of off-the-run securities on the long end from $2 billion to at least $4 billion. Treasury Secretary Scott Bessent said on CNBC such operations could be even larger than the new higher minimum.

However, the Treasury made no mention of how it would fund the purchases. Most market participants assumed it would do so by selling short-term bills. The senior Treasury officials did not rule that out. Bessent in the CNBC interview called the operation a “Treasury Twist,” a reference to a government or Federal Reserve operation where long-term Treasurys are bought and paid for with short-term issuance. That also implied that short-term bonds would be sold.

But since the surprise announcement, bonds have retreated from an initial rally, sending yields higher, in part because of skepticism voiced by many market analysts about how effective the operation would be and whether the Treasury’s resources were too limited.

Using the TGA could change that perception. The TGA is essentially the government’s checking account, a rainy day fund of sorts held at the Federal Reserve. It is already funded with existing tax collections. Bessent has built up the TGA to around $950 billion currently, compared with a stated goal under the Biden administration of around $550 billion to $600 billion. READ MORE

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8.24.26 - US Now Desperate To Manipulate Gold Price?

Gold last traded at $4,654 an ounce. Silver at $68.86 an ounce.

EDITOR'S NOTE: It’s long been argued that the U.S. government, along with other governments, has worked to suppress the price of gold, in part to protect the fiat monetary system that the financial world has been built around. But what if that strategy has now completely reversed, and the U.S. government actually has a reason to see gold prices soar? With gold potentially being revalued as a way to strengthen the nation’s balance sheet, the possibility of $17,000, $20,000 or even higher gold suddenly takes on a very different meaning. Read more to see why this could be the case.

US Now Desperate To Manipulate Gold Price To $17,000-$20,000 Or Higher -King World News

Matthew Piepenburg, partner at VON GREYERZ: As headlines from the Iranian “conflict” continue to leave the world guessing as to what, if any, military, political and financial solutions lie ahead, we can at least know this much: The approaching autumn looks a bit scary.

The macro setting for our collective transition from summer to fall in 2026 is marked by rising yields across the western yield curve, from Paris to DC.

These rising yields, which represent the cost of servicing debt for nations and enterprises (i.e. stocks) already in debt beyond the sustainability mark, are nothing less than flashing warnings of Uh-Oh ahead.

As of this writing, for example, the yield on the 10Y UST has climbed past the Rubicon of sanity to a dangerous 4.7% at the same time trillions of outstanding USTs face a re-finance at much higher rates.

Needless to say, U.S. tax receipts and GDP will not be enough to pay for the same.

This means we can expect more “Non-QE-QE” from a debt-trapped and fork-tongued Fed which will need to create trillions in more back-door liquidity (i.e. synthetic dollars) off the Fed’s balance sheet to avoid having to say the embarrassing “QE” word out loud.

Toward this desperate end, Warsh has familiar tricks up his sleeve to keep the TBTF banks (the Fed’s real mandate) temporarily liquid at the expense of Main Street inflation and employment stresses (which are the Fed’s pretended mandates). READ MORE

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8.21.26 - Gold Smells a Rat

Gold last traded at $4,628 an ounce. Silver at $69.91 an ounce.

EDITOR'S NOTE: Gold is once again sounding the alarm that the financial system is under pressure. Rising debt, government efforts to suppress yields and the prospect of more money printing will likely create an increasingly favorable environment for precious metals. As this author puts it, "we are fortunate that today we have precious metals as an investment option. Imagine those investors in the 1940s, facing waves of inflation with no option to buy gold."

Gold Smells a Rat -Daily Reckoning

by Adam Sharp

Boom! It was another great day for gold, silver, and miners.

The GDX gold miner ETF is up a whopping 9% as of mid-day.

Gold moved up 3.5% and crossed the $4,500 level. Silver also popped 3.5% to $66.43.

So… what the heck happened?

We got another signal that the U.S. government is desperate to get debt yields lower. And this is a great sign for gold bugs.

And before you protest, I know. Bonds, interest rates, and yields are boring. But this is critical stuff for anyone who owns precious metals, hard assets, foreign stocks, or fixed-income. So hang with me for a moment. VIEW CHARTS AND READ MORE

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8.20.26 - This Global Crisis Is About To Unleash An Even More Terrifying One

Gold last traded at $4,512 an ounce. Silver at $68.13 an ounce.

EDITOR'S NOTE: I continue to believe that the biggest risk facing investors today is not simply market volatility, but the possibility that multiple crises could converge and undermine the financial system itself. If energy shortages, inflation, food costs and geopolitical turmoil continue to intensify, I believe investors holding physical gold could be in an increasingly strong position as demand rises for assets outside the traditional financial system. For those of us who already own physical gold, this is another powerful reminder of why having a tangible, independent store of wealth may prove so valuable when the financial environment becomes increasingly uncertain.

God Help Us: This Global Crisis Is About To Unleash An Even More Terrifying One -King World News

Peter Schiff: Bond yields may be down today, but oil is up 1.5%, above $86. That’s because Treasury traded lower yields for a weaker dollar, which pushes up oil and other commodity prices. That means more economic pressure on the Fed to hike rates, but more political pressure to cut them.

On our national debt, the average coupon on maturities beyond ten years is 3.44%. That’s way below current long-term rates. Buying that debt back now is like a homeowner refinancing a 3.44% 30-year fixed-rate mortgage into a 4% one-year ARM. Who would be dumb enough to do that?

God Help Us: This Crisis About To Unleash Even More Terrifying One

Gregory Mannarino, writing for the Trends Journal: Make no mistake about it. The current energy crisis, soon to be an EMERGENCY if nothing changes, will cause a food crisis.

MAJOR KEY POINT. The pressure will continue to build on the middle class until the middle class is in a state of full surrender. People of the middle class have no will to fight back because they have been so hyper-propagandized, that they have no idea what is even happening to them nor why. With that, they WILL be forced to beg for a “solution…”

A solution which was signed into law last July… (A Return To “The Company Store Model.”). AKA The Genius Act.

A combined energy emergency and a simultaneous food crisis appears to be how the Epstein Class has chosen to implement their final solution into neo-feudalism…….

For months, we have warned that the next stage of this global crisis would not necessarily show up first as empty supermarket shelves.

It would show up FIRST as higher costs, tighter supplies, disrupted trade routes, weaker farmers, reduced fertilizer use, transportation problems and eventually… food becoming increasingly unaffordable… READ MORE

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8.19.26 - Aggressive upside predictions for metals

Gold last traded at $4,523 an ounce. Silver at $67.01 an ounce.

EDITOR'S NOTE: I have been waiting for the day the powers that be would finally allow a legitimate audit of Fort Knox. Our government is ultimately accountable to us as citizens, and the gold held there belongs to the American people; so a thorough, independent audit should be a reasonable expectation. Senator Rand Paul was recently allowed to tour the facility and says the gold is there and everything appears to be in order, but with all due respect to Senator Paul, seeing the gold is not the same thing as conducting a formal audit. Meanwhile, gold and silver continue to attract increasingly aggressive upside predictions, driven by the very fundamentals that make a transparent accounting of America's gold holdings more important than ever.

Rand Paul Goes To Fort Knox To Verify That US Gold Stockpile Still Exists -ZeroHedge

by Tyler Durden

In September 1974, amid public and congressional concerns, a high-profile inspection occurred at the U.S. Bullion Depository at Fort Knox. In a rare exception to the "no visitors" policy, members of Congress and the press were invited in.

This was followed immediately by a special audit conducted by the General Accounting Office (now the Government Accountability Office) in cooperation with Treasury auditors. It covered roughly 21% of the gold bars stored there at the time and found that the holdings matched the depository records. Since that event, there has been no independent audit of federal gold stores. The contents of Fort Knox has remains a mystery.

In 2024, the US treasury Department stated that Fort Knox held 4580 metric tons of gold in the vaults, but many fiscal conservatives have been skeptical. It makes sense to be suspicious; why would the federal government avoid independent audits for over 50 years unless there's some kind of problem?

The return of Donald Trump to the White House in 2025 presented a rare opportunity for the public to press for verification that Fort Knox is, in fact, still holding gold. We are seeing some indication that the Trump Administration is taking these concerns seriously, with Senator Rand Paul being given access to Fort Knox vaults last week. READ MORE

Michael Oliver Says Gold, Silver, Miners Trend Now Positive, Gold Headed To $8,000+ -King World News

Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that the trend has now reversed higher for gold, silver, and miners, and the price of gold is headed to $8,000+.

Michael Oliver, Founder of MSA Research: Gold, silver, and their miners shifted out of an intermediate negative trend last week after months of repeated waves of selling—mostly redundant, overlapping waves of downside pressure.

No doubt price-chart watchers will consider this “just another” rally in a negative situation. However, momentum argues that this rally is qualitatively different from those of recent months. Gold’s intermediate trend has now shifted back to positive, thus joining the ongoing long-term positive trend of both gold and silver. VIEW CHARTS AND READ MORE

Nomi Prins Predicts BIS Will Make Silver A Tier 1 Asset Sending Silver Price Skyrocketing To $180 -King World News

Nomi Prins, who gives speeches to the World Bank, IMF and Federal Reserve: “What’s really interesting about all of the fiat currencies and governments destroying their money, which they have been (aggressively) doing for decades, is the additional increase in debt over the last few years or even the last decade. And you talked in the beginning about it doesn’t matter who’s leading, it doesn’t matter the politics. I look at the numbers and the numbers are that no matter who’s running whatever country, debt is accumulating.

I still believe, maybe not this year, maybe next year there will be more BIS rules that will accommodate silver into Tier 1 types of assets for central banks. That will create a monetary incentive for silver. And people are already buying silver for wealth preservation purposes. Gold continues to be accumulated by central banks for two reasons: One is to diversify against fiat currencies, particularly the dollar. It doesn’t mean going back to a full gold standard, but the more gold is held by central banks, the more gold is becoming a player. I see gold going to $6,000 by the turn of this year and silver over $120. READ MORE

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8.18.26 - Rand Paul Goes To Fort Knox

Gold last traded at $4,334 an ounce. Silver at $63.33 an ounce.

EDITOR'S NOTE: After decades of questions and speculation, someone has finally gone inside Fort Knox to see whether America’s gold is actually there. Senator Rand Paul’s visit confirmed that roughly 147 million ounces remain in the vault, but to me, the bigger story is what that gold represents in a financial system that has changed dramatically since 1971.

Rand Paul Goes To Fort Knox To Verify That US Gold Stockpile Still Exists -ZeroHedge

by Tyler Durden

In September 1974, amid public and congressional concerns, a high-profile inspection occurred at the U.S. Bullion Depository at Fort Knox. In a rare exception to the "no visitors" policy, members of Congress and the press were invited in.

This was followed immediately by a special audit conducted by the General Accounting Office (now the Government Accountability Office) in cooperation with Treasury auditors. It covered roughly 21% of the gold bars stored there at the time and found that the holdings matched the depository records. Since that event, there has been no independent audit of federal gold stores. The contents of Fort Knox has remains a mystery.

In 2024, the US treasury Department stated that Fort Knox held 4580 metric tons of gold in the vaults, but many fiscal conservatives have been skeptical. It makes sense to be suspicious; why would the federal government avoid independent audits for over 50 years unless there's some kind of problem?

The return of Donald Trump to the White House in 2025 presented a rare opportunity for the public to press for verification that Fort Knox is, in fact, still holding gold. We are seeing some indication that the Trump Administration is taking these concerns seriously, with Senator Rand Paul being given access to Fort Knox vaults last week. READ MORE

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8.17.26 - Where Will Central Banks Store Their Gold?

Gold last traded at $4,416 an ounce. Silver at $65.79 an ounce.

EDITOR'S NOTE: Central banks have been setting record after record in their gold purchases for several years now, driven by growing concerns over inflation, currency stability and the future of the global financial system. But just how much gold are they accumulating? So much that they are now having to consider where, and how, to store it. That alone speaks volumes about how seriously central banks are preparing for a future in which confidence in traditional fiat currencies may continue to erode.

Goldman Asks: Where Will Central Banks Store Their Gold? -ZeroHedge

Authored by GoldFix

At a time when Hong Kong is ramping up its infrastructure to handle Gold reserves for central banks globally, Goldman Sachs just put out a report discussing both the recently ramped up buying of the metal by CBs and the dilemma over where to store it geographically. Perhaps GS is preparing for the inevitable rise of HK in global gold reserves held.

The picture the bank paints is one in which central banks are reconsidering both the amount of gold they own (they want more) and where they keep it. London and New York remain central because of their liquidity and financial infrastructure, but reserve managers are increasingly hesitant to rely on a single foreign custodian. At the same time, official-sector purchases are accelerating again, reinforcing the bank’s view that reserve diversification is the central structural force driving gold prices.

The report, titled Precious Comment: Gold and Central Banks: Storage Dilemma; Buying Trend Picks Up covers those two main topics in short and long order amongst other areas of interest. VIEW CHARTS AND READ MORE

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8.14.26 - This Just Unleashed Another Historic Gold Rush

Gold last traded at $4,378 an ounce. Silver at $64.81 an ounce.

EDITOR'S NOTE: There is no shortage of forecasts for where gold and silver prices may be headed, but the more important story is what is driving those forecasts. Beneath the predictions is a long list of very real issues driving this market: issues we are all familiar with and, I believe, recognize as increasingly serious. This story is no exception, offering yet another example of why the fundamentals behind gold and silver remain so compelling.

This Just Unleashed Another Historic Gold Rush -King World News

Otavi Costa: Silver miners appear to be moving ahead of silver itself.

KING WORLD NEWS NOTE: The Fact That Silver Miners Have Already Broken Out Decisively On The Upside Is Telegraphing To The Market That Silver Will Breakout On The Upside As Well

Yes, be on your toes for some normal volatility near resistance, but a breakout here could simply be a matter of time, in my view.

Game on.

Fred Hickey: First line from Wall Street Journal story by James Mackintosh this week titled: “Scott Bessent’s yen trade has unintended consequences for the markets”:

“The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, and adds liquidity when the punch bowl of the U.S. economy and markets is already overflowing.”

Spiking the punch bowl by adding liquidity to an out-of-control stock market mania is not exactly ‘putting the brakes on’ – as Bessent described as a better option to deal with “euphoric markets” last year. VIEW CHARTS AND READ MORE

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8.13.26 - US Set to Pay Most for 30-Year Debt since 2001

Gold last traded at $4,353 an ounce. Silver at $64.42 an ounce.

EDITOR'S NOTE: U.S. debt is spiraling out of control. While this is hardly a surprise, what is staggering is how rapidly it is accelerating. And as with any debt, the concern is not only the amount owed, but also the interest required to service it. At this point, the interest burden facing the U.S. government makes the cost of interest on a 30-year mortgage look like a bargain.

US Set to Pay Most for 30-Year Debt in Quarter of a Century -Yahoo! Finance

by Greg Ritchie

(Bloomberg) -- The US government is about to sell 30-year bonds at the highest interest rate in a quarter of a century, after a historic selloff that has stirred speculation the nation will tilt borrowing further toward short-dated maturities.

The Treasury will offer $25 billion of 30-year debt at its monthly auction later on Thursday. In the when-­issued market, where securities are traded before they are actually sold, the new bond has a projected yield of around 5.24% — which would be the highest borrowing cost since 2001.

It's a headache for President Donald Trump and Treasury Secretary Scott Bessent ahead of midterm elections in November. Lofty government financing costs are already feeding through to the broader economy, after years of elevated inflation and government spending.

The Treasury's concern appeared to be on show last week when it tweaked its debt-sales guidance in a way that opened the door to potential cuts to long bond supply. Meanwhile, investors are still not rushing to lock in yields at multi-decade highs, signaling a collective wariness that the selloff may not be over. READ MORE

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