I have not had the opportunity to give this a proper listen yet, but I did skim around quickly, so please forgive me if you talked about this and I missed it;
Treasurer Scott Bessent explicitly said a few weeks ago the government will not be revaluing gold. Last month he said they are going to "monetize the asset side of the balance sheet" and people ran with that to mean they are going to revalue gold, but Bessent made it clear that they are not going to. He said:
"I said we're gonna mobilize the asset side of the balance sheet, and all the gold bugs said 'He's gonna revalue the gold!'"
"I can say today we're not revaluing the gold, but...every department head is looking for the assets that we can mobilize," Bessent said, referencing energy leases and federally-owned land as investments which could be part of a US sovereign wealth fund, versus using a revaluation the alleged 8,133 tons in gold reserves to release funds for current government spending or paying down the national debt
I have not had the opportunity to give this a proper listen yet, but I did skim around quickly, so please forgive me if you talked about this and I missed it;
Treasurer Scott Bessent explicitly said a few weeks ago the government will not be revaluing gold. Last month he said they are going to "monetize the asset side of the balance sheet" and people ran with that to mean they are going to revalue gold, but Bessent made it clear that they are not going to. He said:
"I said we're gonna mobilize the asset side of the balance sheet, and all the gold bugs said 'He's gonna revalue the gold!'"
"I can say today we're not revaluing the gold, but...every department head is looking for the assets that we can mobilize," Bessent said, referencing energy leases and federally-owned land as investments which could be part of a US sovereign wealth fund, versus using a revaluation the alleged 8,133 tons in gold reserves to release funds for current government spending or paying down the national debt
https://youtu.be/lSma9suyp24?feature=shared&t=3261
https://www.youtube.com/watch?v=3zBT3rDZKZk
Hope this is of any use to you.