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Is a 50-year convertible gold bond in the cards?

jmski52jmski52 Posts: 23,964 ✭✭✭✭✭
edited December 25, 2025 4:31AM in Precious Metals

Judy Shelton has been suggesting that the US might issue a 50-year convertible gold bond next year.

If one is issued, it would be discounted in the market as all debt issuances are, but what would it actually mean?

Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

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    PerryHallPerryHall Posts: 47,541 ✭✭✭✭✭

    @jmski52 said:
    Judy Shelton has been suggesting that the US might issue a 5--year convertible gold bond next year.

    If one is issued, it would be discounted in the market as all debt issuances are, but what would it actually mean?

    I wouldn't trust it. What happened to those Americans who were holding gold certificates in 1933 that guaranteed to pay the bearer on demand in gold coin?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    jmski52jmski52 Posts: 23,964 ✭✭✭✭✭

    Jim Sinclair always said that the first revision our monetary system would fail and that gold will eventually re-emerge as money. There are many initiatives to digitize gold now. Is anything substantiative really beginning to change?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    derrybderryb Posts: 38,568 ✭✭✭✭✭
    edited December 24, 2025 9:45AM

    Aside from soverign wealth funds and central banks, who would tie their money up in this long term pipe adventure?

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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