USA Revaluation of Gold

trew said:
Wasn't that from over a year ago?
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Yes.

(grok)
Bessent said this on March 18, 2025, during an appearance on the All-In Podcast (the "All-In DC" episode).

This was in response to speculation that his earlier comments about “mobilizing the asset side of the balance sheet” (in the context of a potential sovereign wealth fund) meant revaluing U.S. gold reserves (currently carried at the statutory $42.22/oz price).

Bessent has made similar clarifying statements in other interviews since early 2025 (e.g., Bloomberg in February 2025). Gold has roughly doubled in price since then, but Bessent’s position on official revaluation has stayed consistent in public remarks.
 
It’s only a matter of time for gold to be revalued on the government’s balance sheet.

How much and when is conjecture, but in my opinion it will happen.
 
Bessent is probably approaching it from the angle that a revaluation of gold would create too much instability in financial markets as commercial entities and pension funds for example holding or exposed to the gold market would find their balance sheets under pressure necessitating forced sales and re-alignments.
 
mmm....shiney! said:
Why? The government doesn't need it, it currently has an endless supply of funds at its disposal and the balance sheet never has to balance.
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Historical precedent.
Regardless whether the USA can print to oblivion or not, the time is fast approaching when they will IMHO, not be the world’s reserve currency.
Whilst I stand to be corrected, I believe the timeline will be measured in single digit years and not decades. Time will tell.
 
Gold is doing just fine on its own anyway.
Its not like they would revalue any more than todays price is so it doesnt even matter.
 
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