50 sats \ 2 replies \ @Undisciplined OP 10 Oct \ parent \ on: Can the Federal Reserve Buy Gold? Should It? econ
Mark Moss had a video (that I didn't post because I thought the analysis was a bit sketchy,)about the possibility of the US revaluing the gold that we have certificates for.
It's an interesting idea and in his example of revaluing the certificates to $20k per ounce, the US gains $5T in reserves. That would be highly inflationary, but it is on the table as a financial gimmick.
write
preview
38 sats \ 1 reply \ @grayruby 10 Oct
I think Jim Rickards has suggested something similar
reply
0 sats \ 0 replies \ @Undisciplined OP 10 Oct
That might have been where the proposal came from.
reply