Revaluation of gold by treasury is now a certainty. Not sure why trump slapped tariffs on gold bars though. Maybe he expects world to move gold to USA for higher price and get hid cut? But we know Dubai, Shanghai, Moscow and maybe si galore are soon opening stock exchanges to trade physical gold so that is one thing not adding up. USA could suck gold out this way but at the cost of insane usd devaluation.
@Justicar He better do it soon. Russia has already given him a deadline as they plan to open a global gold exchange in st. Petersburg by end of 2025.
https://russiaspivottoasia.com/russia-to-begin-trading-gold-on-st-petersburg-exchange/
@Zeb the fed has issued two documents this year talking about revaluation and the new fed governor also talked about it so it is a certainty. Not sure about the price though. Various outlandish numbers are being thrown out these days. All we know is that every 4k translates to 1t for treasury.
