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Let's assume the gold is there. In that case, the market value of the gold is much higher than it's listed value, because it's still officially marked at $42 per ounce.
Maybe doge will get on that and give everyone an ounce of gold.
Would people appreciate it more if that happens?
I think that gold is going into the Strategic Wealth Fund.
Will it now?
Along with all of the shitcoins?
That's my guess.
Plus, all the student loans and federal property.
A lot of those student loans are going to default.
Who can afford to pay them off, especially the millennials?
They may be in de facto default, but those debts cannot be discharged.
They will be discharged upon the death of the loanee.
Many people just wont pay them, or just pay the bare minimum.
Just like how people believe the dollar is valuable, the gold reserve is irrelevant when you compare it to the debt we owe.
Just imagine what would happen when they actually audit the gold and find a bunch missing?