The US gold is still valued at its pre 71 price of $40/ounce
Ask yourself why the government hasn't marked it up to market rate
It's sitting at 11 billion
Valued at 785 billion
Why wouldn't they want to reflect current value
Discussion
Because they confiscated it all!!!
revalue it, say "hey we're rich!" then they can print the dollar into oblivion based on that, which allows manufacturering to relocate to US
785B aint much these days though
That's still a ton of money.
Maybe pre 2008, not so much nowadays:
-US debt is $34T+
-Feds balance sheet is ~$7T
-M1 is ~$18T
-M2 is ~$21T
-2025 Federal Budget outlay is projected at $7.3T approximately $1T of which is interest payment.
…Even if it wasn’t just a little accounting trick it would be a drop in the bucket slightly strengthening the US dollar in the short term.