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This GOLD REVALUATION Will Change Everything
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In this video I talk about the possibility of the gold that the USA holds being revalued. The USA apparently holds around 261.5 Million ounces of gold in their vaults. This gold is currently valued at about $42 per ounce. What will happen if they change the valuation to $2,900 per oz? Will this cause the price of gold to go up or down? I talk about how in 1973 the US changed the price of gold on their book from $35 per oz to $42 per oz and did not have to sell any gold at all to do this it was simply an accounting gimmick. The price of gold did go up 66% that year. What would happen if the US did a much larger revaluation of gold? Would this help the USA pay off the national debt? I show how the US would need to revalue their gold to $140,000 in order to completely pay off the National Debt today. I don't think that would happen but if they do revalue gold to $2,900 per oz I think this will weaken the dollar and cause the price of gold to go much higher. Here is my video talking about the gold in Fort Knox and my opinion on it as well:
IS THE GOLD STILL IN FORT KNOX?
https://youtu.be/C-DcGkND-uk?si=i6_MQFR7BoY6YPhA
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