Treasury Yields Could Trigger a Financial Shock | Andy Schectman
Liberty and Finance Sep 23, 2026 34:49
Summary
Schectman argues rising interest rates no longer suppress gold because distrust of the bond market has broken the old relationship.
Central banks bought record amounts of gold and keep pulling silver off Comex (the main US futures exchange) regardless of price.
He warns a 10-year Treasury yield moving decisively above 5% would hit Wall Street, real estate, banks, insurers and pensions.
Schectman says BRICS nations are quietly building interoperable payment rails that settle in gold, reducing reliance on US Treasuries.
Physical gold and silver remain favored: premiums are creeping up again, and he calls holding bonds of any duration dangerous.
Dunagun Kaiser's takeaways
- Top takeaway Hosts the interview and frames it around rising rates, BRICS and gold, the Treasury market, and the bullion supply chain.
- Reports firsthand from a cross-country road trip that pump prices — especially diesel — are markedly higher, with a four-gallon minimum purchase posted at the pump.
- Frames central bank gold buying through the channel's preparedness roots since 2013, comparing it to loading up before an impending storm.
- Says channel analysts expected strong things from precious metals in Q3 2026 and has seen a modest but positive response so far.
Andy Schectman's takeaways
- Top takeaway Argues rising interest rates no longer hurt gold because distrust of bond-market fundamentals has broken the conventional relationship.
- Cites record second-quarter central bank gold buying, over 30 million ounces of September Comex silver deliveries, and heavy Hong Kong flows as price-insensitive physical demand.
- Argues BRICS nations are quietly building interoperable digital payment rails that settle in gold while publicly denying a common currency to misdirect the West.
- Warns that a 10-year Treasury yield moving decisively above 5% into the 6% range would hit Wall Street, real estate, banks, insurers and pensions.
- Says holding bonds of any duration is dangerous, premiums on physical metal are creeping up again, and dollar savings are the wrong place for wealth.
Kaiser Johnson's takeaways
- Top takeaway Presents the closing Miles Franklin weekly specials announcement for September 21-28, 2026, noting this week's offers are IRA eligible.