U.S. Gold Reset Incoming? - (Fort Knox Audit Could Change Everything)

Summary

In this video, Smart Silver Stacker delves into major developments in the precious metals market, focusing on the creation of a US Sovereign Wealth Fund and the potential revaluation of US gold reserves. The video explores the possible implications of these events, ranging from a gold price crash to bullish effects. With rising gold and silver prices, the discussion also touches on a potential global financial reset and the mystery surrounding the actual existence of US gold reserves. Overall, the video emphasizes the importance of keeping an eye on these developments and continuing to stack precious metals amid uncertainty.

Takeaways

• 😀 President Trump signed an executive order to create a US Sovereign Wealth Fund, potentially involving the revaluation of US gold reserves.
• 😀 The US gold reserves are currently valued at a statutory rate of $422 per troy ounce, but this may change if the reserves are revalued.
• 😀 A revaluation of US gold reserves could inject more than $700 billion of liquidity into the US economy, potentially impacting the gold price significantly.
• 😀 If the US monetizes its gold reserves by selling them, it could crash the global gold price, but other monetization scenarios could lead to bullish outcomes for gold.
• 😀 With gold prices at record highs, fractional gold back notes are now available, allowing individuals to buy physical gold in smaller increments.
• 😀 The US Treasury holds 261 million troy ounces of gold in reserves, but there is speculation regarding whether that gold is actually present in the vaults.
• 😀 A scenario is considered where the US might add more gold to its reserves or even repatriate gold from abroad, possibly as part of a preparation for a global currency reset.
• 😀 If the US were to back the entire M2 money supply with gold, the price of gold would need to reach over $80,000 per ounce.
• 😀 The US gold reserves haven't been audited in decades, with the last audit taking place in the 1970s, fueling speculation about their actual existence and condition.
• 😀 The potential implications of a gold audit, whether the gold is present or not, could significantly impact the precious metals market, causing dramatic price changes.

Q & A

What is the significance of the creation of a US Sovereign Wealth Fund?

The creation of a US Sovereign Wealth Fund is significant because it may involve the revaluation of US gold reserves, potentially leading to substantial financial changes, including an injection of liquidity into the economy. This could have a significant impact on the global precious metals markets.

How could the revaluation of US gold reserves affect the price of gold?

If the US revalues its gold reserves, it could have a major impact on the price of gold. Depending on how it is handled, it could either increase the value of gold significantly or cause a crash, especially if the US decides to sell some of its gold reserves.

What does 'monetizing the asset side' of the US balance sheet mean?

'Monetizing the asset side' refers to converting the US's gold reserves into usable assets, potentially turning them into liquidity for the government. This could involve selling the gold or simply revaluing it to improve the US's balance sheet.

What would happen if the US sold some of its gold reserves?

If the US were to sell off some of its gold reserves, it could lead to a decrease in the global gold price due to the sudden surge in supply, as gold prices have been supported by central bank purchases from countries like China.

What are the potential bullish implications of gold revaluation?

Revaluing gold could have bullish implications for gold prices if the US were to simply mark it to market value without selling it. This would strengthen the US balance sheet, potentially allowing the US to issue more debt, which could lead to inflation and drive gold prices higher.

What role does the US debt play in the implications of gold revaluation?

The US's current $36 trillion national debt means that even a large revaluation of gold reserves may not drastically affect the debt situation. However, it could provide more liquidity for borrowing, leading to potential inflation and further economic challenges.

Why is the possibility of a global currency reset mentioned?

A global currency reset is mentioned due to the rapid devaluation of fiat currencies and rising global debt. The idea is that the US could be adding gold to its reserves in preparation for such a crisis, which could result in a shift to a gold-backed currency system.

What are the implications of the US adding to its gold reserves?

If the US were to add to its gold reserves, it could signal preparation for a financial crisis or a global reset. This could have profound effects on the global financial system and potentially push the price of gold much higher.

What would happen if the US gold reserves were found to be insufficient?

If the US gold reserves were found to be insufficient or even plundered, it could lead to a massive loss of confidence in the US financial system and drive the price of gold and silver significantly higher.

Why has there been speculation about auditing US gold reserves?

There has been speculation about auditing US gold reserves due to long-standing doubts about the actual quantity and condition of the gold held by the government. A full audit could either confirm or dispel fears about missing or misreported gold, which would have major implications for global markets.