US Gold Revaluation: Is It Happening?

Summary

Recent resurfacing of questions about the gold reserves at Fort Knox, reignited by President Trump's repeated calls for an audit, suggests a potential US gold revaluation is under consideration. The US national debt nearing $40 trillion and foreign central banks shifting towards gold are key factors. Historically, US government gold has been undervalued on its books at $42.22 per ounce, despite market prices soaring. Revaluing this gold to current market rates could significantly improve the US balance sheet, a concept echoed by Treasury Secretary Scott Bessing's desire to "monetize the asset side." Past gold revaluations, like those under President Roosevelt, led to currency devaluation and significant wealth shifts, disadvantaging those holding fiat currency while benefiting those with physical gold. Concerns about the actual presence and quantity of gold in Fort Knox persist due to the lack of a recent, thorough audit, with the last comprehensive inspection occurring nearly 70 years ago. As other nations repatriate their gold reserves, it signals a global preparation for potential revaluations, emphasizing the importance of holding physical gold before such an event, as attempts to acquire it afterward could be significantly less advantageous.