Gold Certificate Accounts

Federal Reserve ^ | May 2026 | Federal Reserve

[delta7]

Something cooking at the Federal Reserve…..Gold Remonetization?

[delta7]

“Assets: Other: Gold Certificate Account….

Graph charts…..

https://fred.stlouisfed.org/series/WGCAL

—————-
Last call, all aboard!

[Red Badger]

Gonna need a bigger vault........................

[Lurker]

“At any time, Treasury may reacquire the gold certificates by demonetizing the gold.”

No thanks. My gold and silver will stay right where they are.

And it’s not really possible to demonitize gold as long as people will use it as a medium of exchange. If you will take some of my gold or silver in exchange for goods or services then it is in fact money.

L

[HombreSecreto]

What were the things that signified wealth in the Bible?

Land
Water
Livestock
Silver
Gold

Has anything really changed?

[delta7]

Gonna need a bigger vault.
———-
Still waiting for Trump’s US Gold Reserve full assay audit…it appears the Congressional bill introduced to audit Ft Knox and our Gold Reserve has stalled out.
The Bill was introduced and intended to force Trump to see if our Gold is still there….some is starting to stink.

[Vermont Lt]

These have been around for ages. It’s easier to move paper around (now digital) than physically moving gold from vault to vault. The actually used to do that at the fed.

In any event the methods for accounting for gold at the Fed are fairly archaic. And the price of gold on the books is around d $42. That is set by statute.

I doubt very much if that is going to change any time soon.

[Leaning Right]

I had trouble following the article. Too much technical lingo for me.

The big question (actually the only question): If I have one of those gold certificates, can I go somewhere and pick up the physical gold?

If not, then this seems like just another smokescreen to me.

Side story: I’m old enough to remember going down to my local bank and handing them a $10 bill. I’d get back a roll of quarters, 40 coins that were 90% silver.

Back then, that piece of paper ($10) represented something real. Today, not so much.

[HIDEK6]

Does this sound like sleight of hand?

[delta7]

Back then, that piece of paper ($10) represented something real. Today, not so much.
————
That roll of US silver coinage bought back then for 10 USD, is now worth $271 USD.

Most just can’t wrap their head around just how much our dollar has fallen, it’s purchasing power is rapidly losing ground. Silver or Gold isn’t rising, the amount of USD’s to buy it is increasing.( USD declining).

* $10 pre-64 silver coinage, .715 Troy ounces = $1 face….thats 7.15 ounces of silver, at $37.80 spot, equals 271 USD’s.

[faithhopecharity]

I got my vault filled to the top with frankincense and myrrh

smiles smiles
(but yes, your point is certainly valid! gold and silver and rare stones have been used as money in many societies throughout human history... Whereas “federal reserve notes” are a relatively new invention, and one that has yet to prove itself...)

[Leaning Right]

> That roll of US silver coinage bought back then for 10 USD, is now worth $271 USD. <

Out of curiosity I just looked it up. Suppose that $10 bill had been put into the S&P 500 in 1964. If the Internet is to be trusted, that investment would now be worth roughly $3800.

That number assumes all dividends are reinvested. But it’s not a completely accurate number because it does not consider taxes or investment fees.

I suppose the moral of the story is diversify. Just don’t keep a whole lot in those crappy paper $10 bills.

[delta7]

https://goldprice.org/

Returns on PM’s. That said my source shows Gold just slightly outperforming the S&P since 1971.

[HombreSecreto]

Indeed.

What is the difference between:

A

and

B


People believe that A is worth something.

Until the late 1960s, this was actually worth something because you could go and actually exchange it for silver.

[faithhopecharity]

Yes. Definitely

[Leaning Right]

Good point. I was looking how junk silver performed over the years. But gold has done much better.

One ounce of gold in 1964: $35 (roughly)
One ounce of gold today: $3350

It looks like the S&P 500 still wins. But again, my S&P 500 numbers did not consider taxes or fees. There’s also the stomach ache factor. Wild swings in the S&P can induce stomach aches (and panic).

So diversify. Heck, at one time the Pennsylvania Railroad was the largest company in the world. An older relative of mine had a huge investment in that company.

PRR went bankrupt in 1976.
🙁

[cowboyusa]

Dmm Nixon.

[HombreSecreto]

And LBJ.

No Vietnam, no massive debt, no strain on the gold standard.

[delta7]

The Cycle is changing. All paper currencies are losing purchasing power rapidly. Timing is everything.

Since 1971, when the US discarded the Gold standard, paper started performing well…..cycles, nothing last forever…with all the historic unpayable debt, the tide is turning….it is just time.

In any case, some will lose, some will prosper….remember Trade and Commerce will continue as it has for 5,000 years.

[Presbyterian Reporter]

Has the US Treasury been selling the Fort Know gold to the Federal Reserve???

I have been wondering why the National Debt has not increased this year. Could this be the reason why????

Check out the

https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny

Also note the $400 billion jump in the National Debt in the past three days.

Are the books being cooked?????