GOLD 'Is In Trouble' If The 10-Year Hits 6% : Trey Reik

Original author：GoldSilver

Original source：https://www.youtube.com/embed/VuUGYfjzBKU

If the 10-year Treasury yield reaches 6%, Trey Reik expects six months to a year of tough going for gold. It was at 5.28% when we recorded. In this conversation, GoldSilver's Megan King Diaz sits down with Trey Reik, Chief Economist at GBI, who has spent more than 20 years in the gold market and managed money for Soros under Scott Bessent, now the US Treasury Secretary. It was recorded the week after the Fed raised rates for the first time since 2023, with gold down 8% in a month. New to gold and silver? Start here: https://goldsilver.com/learn/?utm_source=youtube&utm_medium=video&utm_campaign=yt&utm_term=gs-videos&utm_content=description Own real gold and silver, delivered to your door or held in your name: https://goldsilver.com/?utm_source=youtube&utm_medium=video&utm_campaign=yt&utm_term=gs-videos&utm_content=description-account 0:00 If the 10-year hits 6%, gold is in trouble 0:25 Why is gold falling with oil above $100 1:01 Gold down 3.7% after years of +65% and +27% 2:02 The 6% line on the 10-year 3:02 China bought 20 tons in August. Who sold? 3:57 A Fed hike and 70% odds of another: 1980 or 2022 5:04 $4.7 trillion of debt in 1980, $118 trillion now 5:59 The worst of it: a jailbreak in long-term yields 8:39 TIPS pay 2.85%. Why hold gold? 9:09 Buffett's 65-foot cube of gold 11:04 Gold up 1,400% since 2000, the S&P up 400% 11:48 Trey on his old boss Scott Bessent's buybacks 14:02 Warsh is hiking: another hike or two this year 15:35 What would confirm it: watch the 10-year What Trey explains: Gold is down about 3.7% this year after rising 65% and 27% in the two years before, and silver is down 15% after a 201% two-year run Why a 10-year yield at 6% would mean months of tough going for gold, and why a plateau around here would not Central banks kept buying in August: China 20 tons, six others about 2 tons each, and Russia the only seller he knows of, at 3 tons for its coin program Why 2026 is the opposite of 1980: then CPI was 14.8%, savings rates 11% and credit market debt $4.7 trillion; now savings are near 3% and the debt is $118 trillion The jailbreak in long-term yields: the 30-year at 5.60% and the 10-year at 5.28%, up from 4.98% a week earlier Buffett's cube of gold against farmland and Exxon, and why the starting point decides the answer What his former boss Scott Bessent is doing with Treasury buybacks, and why he calls it soft yield curve control Why he expects another hike or two from the Warsh Fed, but not an extended cycle Subscribe to our channel: https://www.youtube.com/c/goldsilver?sub_confirmation=1 Get Essential Gold & Silver News, Delivered Twice a Week: https://goldsilver.com/join-our-newsletter/ Follow us on X: https://twitter.com/GoldSilver_com Follow us on Facebook: https://www.facebook.com/GoldSilverDotCom/ As always, thank you for your support. The GoldSilver Team