By Craig Hemke
Sprott Money, Toronto
Tuesday, October 28, 2025
In an interview last week, the U.S. secretary of treasury made an odd statement that was simultaneously ignored and discarded. We caught it, though, and you should again be made aware of what it foreshadows.
And what was that odd statement from Secretary Bessent?
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It was cited by a headline at Bloomberg News: "Bessent: Gold price rising has helped U.S. substantially"
As you know, the U.S. dollar has not been connected to the gold price since 1971 and the U.S. currently carries its 8,133 metric tonnes of gold at $42.22 per ounce.
As such, how in the heck does a rising gold price "help the U.S. substantially"? Why does it even matter? And in this context, it's a very odd thing for the U.S. treasury secretary to say. ...
... For the remainder of the analysis:
https://www.sprottmoney.com/blog/gold-silver-prices-in-2026-spot-price-analysis [4]
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