Replies

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.

6 posted on 07/13/2025 1:39:58 PM PDT by KarlInOhio (I refuse to call the left "progressive" because I do not see slavery to the government as progress.)

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

8 posted on 07/13/2025 1:44:15 PM PDT by Nervous Tick (Hope, as a righteous product of properly aligned Faith, IS in fact a strategy.)

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.

9 posted on 07/13/2025 1:53:37 PM PDT by unclebankster (Globalism is the last refuge of a scoundrel. )

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