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This is a quick 4 minute video I made that explains how the U.S. Treasury would mark-to-market revalue its 8133 metric tonnes of physical #Gold to $1 trillion USD while retaining full ownership of the #Gold unencumbered free-and-clear. The $3500 USD/Troy Ounce mark-to-market #Gold revaluation price I used is... show more
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So in this scenario if gold keep going up beyond 3,500 the fed print more money and give it to the treasury over and over? and people holding USD are fucked?

Well yesโฆ๐คซ๐

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If the gold is unencumbered free-and-clear, what's to stop them simply issuing another certificate against the same gold and exchanging it for another $1T, and then repeat infinitely? It's just money printing with extra steps if the gold isn't even collateral

Nothing I guess? But the U.S. government is supposedly on the hook for the fiat USD received. But these are perpetual #Gold certificates with no expiration datesโฆ ๐๐๐

Is this then the floor for the gold price going forward?

Historically, yes.

That was extremely helpful and easy to understand. Thank you. By the way, have you done the video about EFP and that quagmire of misdirection and obfuscation?

Thatโs the next video I need to make. ๐

People shouldn't question why the U.S. government needs to rely on a group of bankers who own the Federal Reserve to print their own money, or why this financial cabal, unable to account for $4.7 trillion, charges interest to the U.S. and the rest of the world for mere paper.

So the UST use gold whose $ price keeps rising as a way to refinance again and again? At what interest rate? Wouldnโt the goldโs price testify against fiat $ and people then switch to just use gold as money? Will the US government keep the reemability of gold at market price?

Zero interest. These are UST Gold Certificates, not UST Gold bonds.
