Will the US Government Issue a Gold Backed Bond on July 4th

The US government's potential issuance of gold-backed bonds, as proposed by economist Judy Shelton, would involve creating securities backed by the nation's 261.5 million ounces of gold reserves (currently valued at $42/oz on books but worth approximately $4,100/oz at market prices). However, this proposal faces significant challenges: the US has approximately $39 trillion in debt, meaning even if all gold were pledged, it would only back about 1/40th of the financial system. The presenter argues that such an issuance would likely accelerate the dollar's collapse by signaling that the US recognizes its currency is devaluing, potentially triggering foreign countries to dump US treasuries and demand gold redemption. The US government may prefer alternative solutions like stable coins to buy more time before a currency reset.