Gold Revaluation: Trump’s Red Button Option?

Con Greyertz ^ | 13 July 25 | Matthew Pipenburg

[Nervous Tick]

Did you misspell “Von” in your url or was spelling it as “Con” intentional?

[onona]

Loved Red Buttons. Great actor and comedian.

[thinden]

my best guess for the revaluation of gold is 40,000+

buckle up

[Mariner]

“1 BILLION seconds ago, for example, places us in 1997. Bit 1 TRILLION seconds ago places us at 30,000 BC. “

This guy can’t even do the most basic math.

[KarlInOhio]

If that were the case, the 8131 tons of US gold (roughly 260 million ounces) at the current spot price would give Uncle Sam about $850B in instant new money to pay off some debts.

Pay off debts? That would only cover a few months of current overspending. It wouldn't touch the debt.

As for assigning a value of $20,000 per ounce: if it were fully convertible at that price were the treasury was required to hand the cash to anyone who showed up with the gold, everyone in the world would bring gold to get cash and then buy property or other minerals. We would end up with a lot of gold and other countries would end up with our land.

[Governor Dinwiddie]

We have a lot of gold and precious metals buried on Federal land. Use prison labor to mine it. Then put it in the treasury.

[Nervous Tick]

Integral to your post is the truth that there are other inflation hedges (and for that matter, sovereign debt collateral) besides PM.

[unclebankster]

Gold buyers/holders have had a nice run since the end of 2023.

An article like this is an attempt to convince new buyers that the current “run up” will continue.

Never buy when the noise & hype gets too loud.

[delta7]

Yes, sorry.

[MeneMeneTekelUpharsin]

They're going to do it. The leftists liberals have destroyed us by printing trillions of dollars and playing the whoredom of the world with it by taxing US to death.

I have an immeasureable hatred for government officials who did this while allowing every sinful thing to occur here including the Congressional aide f*****g his boyfriend in the Senate hearing room. And, they think we'll forget about that. Both of them should have been executed.

[Vermont Lt]

This would be a horrible idea and would cause interest rates to double in about five minutes. That would cause the market to crash.

Yeah, these “solve our problems fast” ideas are borderline retarded.

[jimwatx]

The gold revaluation plan isn’t just some conspiracy theory. It’s mentioned in internal Fed documents as a possibility and Forbes did an article about it some months back. Remember the Sec of Treasury Bessent says all his money is in gold. Here George Gammon explains in detail.

Their Secret Plan To Revalue Gold (It Could Happen Soon)
https://www.youtube.com/watch?v=oDNhrvbZV34

[jimwatx]

The run up is all due to Central Bank buying. Retail has little to no effect on price. And chances are Central Banks will continue their buying.

[chud]

Gold will almost certainly be revalued; $42.22 is ridiculously low, and in need of updating.
The only question is, what will they revalue it to?

[TexasGator]

"Did you misspell “Von” in your url or was spelling it as “Con” intentional?"

Yes. It is delta7 Con Armstrong.

[Nervous Tick]

The article has nothing to do with this guy Armstrong. Why have you posted his picture? Twice, yet.

[TexasGator]

“This would be a horrible idea and would cause interest rates to double in about five minutes. That would cause the market to crash.”

Please explain how interest rates would go up.

Please explain how the market would crash.

[TexasGator]

“The article has nothing to do with this guy Armstrong. Why have you posted his picture? Twice, yet.”

Because Armstrong posted the article.

He is a lying scamming ex-con here to find suckers.

[chud]

I see no mention of anyone named Armstrong in the article.
Are you okay?