Bessent - Carlson - gold

A transcript of Bessent’s talk with Carlson

https://home.treasury.gov/news/press-releases/sb0073

Towards the end it got interesting when the subject turned to gold:

Sec. Bessent: Great. I wish I’d done that well. Gold can’t run a deficit. It can’t default. It can’t go to war. It’s isolated from government failure. That’s why people trust it.

Carlson: So you’re not anti-gold?

Sec. Bessent: Oh no. When I had my fund, people would’ve called me a gold bug.