Loading ...I heard Beck yesterday. I could see a revaluation; it makes perfect sense. What doesn’t make sense is leaving it at $42 an oz. (unless of course you want to keep manipulating it). So, at current market prices it’s only $800 billion, not nearly enough to even make a dent in the debt. If they revalued 5x it’s only $4 Trillion vs. a debt of $36 Trillion?
Whatever they do, and I think a revaluation is a given and we’ll have a new floor.
Schectman is talking a bigger revaluation, to $24K or more. That might just make all of this worth it. I wonder what the shares would look like overnight? Seems they probably wouldn’t even be able to open them for a couple days.
Bessent is a goldbug, so there’s that. 🙂