Also private gold indirectly helps GDP via the wealth effect, the US being the capital for capital gives the government an incentive to ramp Gold and Bitcoin since an out-sized share of both are domiciled here.

justin_shocknet

One paradox I'm considering though might be that if gold rips in such a scenario, the dollar might benefit still if Bessent et al are more successful than other CB's in re-collateralizing.

Certainly the move would be for Treasury to revalue gold certs and mark-to-market. Suppose Gold hits $10K, treasury could do accounting trick and capture all that upside by simply moving away from the $42.222/oz statutory price set in 70s.

From that perspective, high Gold price helps US balance sheet.

econ

China Has Big Plans For Hong Kong In Financial Reset

> One paradox I'm considering though might be that if gold rips in such a scenario, the dollar might benefit still if Bessent et al are more successful than other CB's in re-collateralizing.

Certainly the move would be for Treasury to revalue gold certs and mark-to-market. Suppose Gold hits $10K, treasury could do accounting trick and capture all that upside by simply moving away from the $42.222/oz statutory price set in 70s. 

From that perspective, high Gold price helps US balance sheet.  