The global financial system isn’t just shifting, it’s fracturing.
Over the past several years, I’ve written often about the erosion of trust… in money, in institutions, in leadership.
Today, that erosion has become unmistakable with gold breaking records on a daily basis in fiat currencies around the world.
Faith in fiat is fading. Confidence in central banks is cracking.
And quietly, people are rebelling… not in the streets, but with their savings.
“The message of gold going up is that people are expressing discomfort with the way governments try to manage the economy and manage the world. It’s a quiet form of rebellion.”
— Dr. Judy Shelton
Dr. Judy Shelton, one of the sharpest economic minds in America and a former advisor to President Trump, joined me again on The Gold Telegraph Show for a conversation that might be one of the most consequential yet.
Fast forward from my article last November, the idea of a 50-year gold-convertible U.S. Treasury bond is really starting to come together not as theory, but as a potential cornerstone of the next monetary era.
She believes restoring integrity to money begins not with slogans, but with structure — and that structure could take the form of a 50-year, gold-convertible U.S. Treasury bond.
It is worth noting that the Treasury Secretary last year acknowledged that we are going to have to have some kind of grand global economic reordering.
Picture: Dr. Judy Shelton pictured with United States Treasury Secretary
The Idea That Could Redefine U.S. Debt
Shelton’s proposal is straightforward:
A Treasury security that gives the holder a choice at maturity, payment in U.S. dollars or a fixed amount of gold.
Not a return to the traditional gold standard, but a bridge back to honesty.
“It would signal that the United States is once again willing to guarantee its debt against its gold reserves,” she explained.
“It could capture the world’s attention… a rational, rules-based step toward restoring trust in money.”
A UNITED STATES GOLD-BACKED 50-YEAR TREASURY BOND? 🇺🇸
Dr. Judy Shelton told me such a move would “garner the world’s attention.”
It would be the first time since President Nixon ended Bretton Woods in 1971 that the U.S. guaranteed its debt against gold… a monumental signal… pic.twitter.com/tPjEnN9ydW
— Gold Telegraph ⚡ (@GoldTelegraph_) October 7, 2025
If issued on July 4th, 2026, America’s 250th anniversary the symbolism would be powerful.
A gold-convertible bond launched on Independence Day could mark the beginning of a new monetary era.
The Family Jewels — and Why They Must Be Audited
Shelton has called America’s gold reserves “the family jewels.”
And she believes it’s time to protect them properly by auditing, warehousing, and collateralizing them to back this new class of Treasury bonds.
“We need to verify that it’s all there,” she said.
“Walk through Fort Knox. Make sure there are no encumbrances. Clarify once and for all that every ounce belongs to the American people.”
She noted that Senator Mike Lee is reintroducing the Gold Reserve Transparency Act to do exactly that and that public trust depends on it.
As she put it: “People write to me and say, I love the idea of a gold bond, but I don’t trust my own government. That’s sad, and that’s why this audit matters.”
Bringing Discipline Back to Money
The conversation also turned to the Federal Reserve, which she described as rudderless and disconnected from its original purpose of maintaining stable purchasing power.
For a group of unelected officials, she noted, the Fed wields unprecedented influence over global markets, and accountability is almost nonexistent.
“How is it that the most important price in a capitalist economy, the cost of borrowing money, is set by government officials instead of free markets?” she asked.
Shelton believes that moving toward gold-linked debt and rule-based convertibility would gradually restore honesty to money and discipline to fiscal policy.
The U.S. Must Move Before China
Dr. Shelton didn’t mince words when discussing the geopolitical stakes.
China, she said, has been quietly accumulating gold, likely far beyond its official disclosures.
Through the Shanghai Gold Exchange, Beijing is already experimenting with linking gold to digital settlement systems a precursor to a gold-backed alternative to the dollar.
“We need to move rapidly and powerfully,” she cautioned.
“The United States still holds the world’s largest gold reserves. Let’s use that leadership before China does.”
This isn’t about returning to the past; it’s about reclaiming credibility.
Re-anchoring U.S. debt to gold could secure America’s position at the center of a new global monetary order instead of watching that role shift eastward.
The Quiet Rebellion
As our conversation closed, Shelton offered a reflection that captures this moment perfectly:
“People have lost faith in government to provide honest money or a balanced budget.
Gold is a quiet form of rebellion — a way for people to trust something real, something they can hold.”
In a world drowning in debt, digital illusion, and political theatre, that quiet rebellion may just be the spark of renewal.
Because every great reform begins the same way, not with noise, but with truth.
WATCH THE FULL CONVERSATION:
Dr. Judy Shelton — “Gold, Trust, and the Next Monetary Era”
GOLD TELEGRAPH CONVERSATION #11
JUDY SHELTON
“The message of gold going up is that people are expressing discomfort with the way governments try to manage the economy and manage the world…”
In this episode, Dr. Judy Shelton joins me once again to explain how restoring… pic.twitter.com/mrripzhpUW— Gold Telegraph ⚡ (@GoldTelegraph_) October 7, 2025