$40 Trillion Debt: Gold and Silver Respond

The federal deficit hit $432 billion in July, the largest monthly shortfall since March 2021, and it's directly linked to this week's bond market turmoil pushing gold and silver higher in August 2026. Elena Reyes traces how rising Treasury borrowing sent the 30-year yield to 5.234%, its highest level since 2007, and explains what that means for mortgages, federal interest costs, and the $40 trillion national debt. She examines gold's roughly 10% monthly gain and silver's 16% surge, including Jeff Currie's shift toward bullish gold sentiment, offering listeners a framework for evaluating precious metals within a diversified portfolio. The episode references July's Treasury budget data and this week's Treasury buyback announcement dated August 19th.