# US Treasury Secretary Gets Fact Checked by Silver & Gold

Page: https://stenobird.com/podcast/sd-bullion-6239204/us-treasury-secretary-gets-fact-checked-by-silver-gold
Text version: https://stenobird.com/podcast/sd-bullion-6239204/us-treasury-secretary-gets-fact-checked-by-silver-gold.md
Podcast: [SD Bullion](https://stenobird.com/podcast/sd-bullion-6239204)
Published: 2026-07-18T13:12:09+00:00
Episode link: https://sdbullion.podbean.com/e/us-treasury-secretary-gets-fact-checked-by-silver-gold/
Audio file: https://mcdn.podbean.com/mf/web/598uhjeu5zmbpnqh/SDB_Mkt_Update_2_am9yn.mp3
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JSON: https://stenobird.com/v1/public/podcasts/sd-bullion-6239204/episodes/us-treasury-secretary-gets-fact-checked-by-silver-gold
Duration seconds: 714

## Resource

Gold and silver extended their summer pullback this week, with silver closing at $55.96 and gold finishing at $4,018 as the gold-to-silver ratio climbed to 71:1. Debate erupted after Treasury Secretary Scott Bessent's comments about U.S. silver reserves and Fort Knox reignited discussions across the precious metals community, while the U.S. national debt surpassed $39.5 trillion, reinforcing one of the long-term themes many bullion investors continue to watch. Even as Western investors reduced gold ETF exposure, Eastern buyers continued accumulating physical gold during the correction. Listen to this week's market update video to learn what these developments could mean for gold and silver, why many long-term bullion buyers remain confident, and the key trends shaping the precious metals market.

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## Transcript

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