Gold : Silver ratio at 100%

[SKULL]

I get that the US could revaluate the gold they have in storage which on paper they have at $45 an ounce or something like that. That could be revalued at the current spot price and it would just reflect the reality of the value of gold they already own. I don't know how they could revalue gold to US$5,000 without everyone dumping their gold for US Dollars. Not sure how it would happen, any links?

It's just an accounting gimmick the Gold is currently valued at $42.22/oz on their "Balance sheet ". On the other side of that balance sheet is $37 TRILLION in DEBT.

So they just " say " our Gold is now valued " by us " at $5,000 on their balance sheet. To make that " REAL " value they would have to purchase Gold that anyone wants to sell to them & pay them $5000/oz. If they won't pay the $5,000/oz, the market won't reprice Gold to $5,000/oz because the USA Gov won't pay that amount for the Gold offered. Scam collapses. Gold stays at it's current market prices.

Same as me telling everyone/anyone that my Gold is valued at $10,000/oz. Someone says to me, ok, prove it's Value by buying my 1 oz of Gold for $10,000/oz & I will believe u. If I don't buy the 1 oz for $10,000 the person just says " ur full of shit " & walks away telling everyone/the Market that I'm full of shit & my Gold isn't worth $10,000/oz because I won't pay that price myself.

So it's an accounting gimmick until Gold trades on a Market for say $5,000/oz & the USA Gov is the purchaser.

Value is what price the Market will Pay, not what U say it is

 

[betterinvestmentthanshare]

Scott Bessent has publicly stated in a recent interview that a asset on their balance sheet may be monotized soon.
One guess what that asset everyone is pointing their finger at.

 

[mmm....shiney!]

Scott Bessent has publicly stated in a recent interview that a asset on their balance sheet may be monotized soon.
One guess what that asset everyone is pointing their finger at.

Whatever Bessent is pointing his finger at is different to what "everyone" is pointing their finger at. Of course that could change over time as Treasury seeks to weave some bookkeeping magic.

 

[SKULL]

Whatever Bessent is pointing his finger at is different to what "everyone" is pointing their finger at. Of course that could change over time as Treasury seeks to weave some bookkeeping magic.

Bessent is a typical politician. He's pointing his finger " over there ". When everyone looks " over there " he will steal from " over here "

I wouldn't use the word " magic " to describe Treasuries/Bessent's trickery as " magic " carries a somewhat good/benevolent connotation. I would use the word " spell " as it has a more Satanic/Malevolent connotation, which better suits those Evil Bastards in Government.

 

[mmm....shiney!]

Yeh "magic" or "spell" it doesn't really matter, the point being that when Bessent et al talk about monetising assets it'll just be an accounting trick on the balance sheet and will have little impact directly on the price of gold. How the market reacts to what the balance on the books will be if/when they actually do it (they've got about 7 months in which to do this) is what will matter eg bonds/stocks/other asset prices as an outcome of the change in the books.

TLDR: they're not going to sell gold to fund government spending because they don't need to fund spending.

 

[SKULL]

Yeh "magic" or "spell" it doesn't really matter, the point being that when Bessent et al talk about monetising assets it'll just be an accounting trick on the balance sheet and will have little impact directly on the price of gold. How the market reacts to what the balance on the books will be if/when they actually do it (they've got about 7 months in which to do this) is what will matter eg bonds/stocks/other asset prices as an outcome of the change in the books.

TLDR: they're not going to sell gold to fund government spending because they don't need to fund spending.

Yes, just more smoke & mirrors to obscure their accounting Trickery.

Watching the good is good, good is bad, bad is good, bad is bad spin & swirl that just seems to intensify, I would agree that the real issue will be " Market Reaction " to the accounting Trickery/Gimmickry of the balance sheet.

They certainly won't sell any Gold as 1'st they would have to prove existence & the actual ownership. There could be some embarrassment associated with that, so it won't happen. 2'nd is that the value of 8,360 + tons of ( supposed ) Gold ( even if revalued to $20,000/oz USD ) is a drop in the ocean compared to the total Debt/Unfunded Liabilities. So I don't see it as a viable option for them.

I will just sit back & wait for the next " Hey Rocky, watch me pull a rabbit out of my hat " moment