Judy Shelton
speaker
100 appearances
1 recordings
1 series
first heard Feb 2026
last heard 17 Feb
Judy Shelton’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
The Federal Reserve has printed something like four and a half trillion in paper money, and about 70% of that circulates outside the United States.
So our gold holdings, while they are the largest in the world, we have 261 million ounces and no other country even comes close.
They nevertheless, it might be worth a trillion three, but I'm really talking about
is in some ways it's symbolic, you could say, but it's also quite real because it would be the first time for there to be an official link between the dollar and gold since President Nixon ended the Bretton Woods system, which was based on a gold convertible dollar and ended in August 1971.
It would be a way of saying for bondholders,
who are willing to lend money to the government.
I mean, we know, as you said, our treasury markets, they need to be stable, they need to be popular.
But if you had an instrument that said to people who are willing to lend money to our government, but who are maybe skeptical about losing purchasing power of the dollar over the duration of that bond,
It's a way of saying you will have a choice at maturity of being paid out in the face value of the bond.
That's a normal treasury security.
Or you can receive this much gold, a pre-established amount, and it is at your option.
And I think that is a way to say in a way we're putting our money where our mouth is.
Or you could say we're putting our gold where our money is.
Um, we actually have, have the gold sitting there doing nothing.
It's been doing nothing since 1971, although it is carried on the books of the treasury and on the books of the federal reserve at a value of being worth $11 billion.
So we have a windfall profit right there.
If we were to offer this treasury instrument and specifically warehouse the gold.
to serve as collateral, that would do two important things.
One, it would reassure a lot of people who don't even think the gold exists at Fort Knox.
I'm amazed that people don't even trust our government enough to believe it exists.
Showing 41–60 of 100 · page 3 of 5
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