That does NOTHING to reduce our debt. We still owe the money. It might change our national net worth. But unless you sell the gold to raise the $$$ to pay down the debt, the debt doesn’t change.
I’m puzzled how anyone on this board could not understand that.
True dat.
I was facilitating a training on safety culture this morning. One of my messages for new team members relates to their impact on our organizational safety culture. It will either be positive or negative, there is no neutral impact.
Brennan Manning said something similar “In every encounter we either give life or we drain it, there are no neutral exchanges.”
Societal morality plays by this rule as well.
Point is, there are a lot of well meaning people out there standing on the sidelines. Restoring public morality requires them to sack up and make a difference.
But should reduce our interest rates and save those funds.
Seems silly, given that they’re talking about adding trillions to the debt via tax cuts.
Here’s a better idea - ask patriotic citizens to send the government the change they have in their couch cushions.
It won’t and it can’t. Our national borrowing capacity isn’t backed by assets at all.
Please repeat after @ rainphakir
Rule of Law is NOT moral or ethical.
It’s merely “what is legal”.
It’s merely “what is legal”.
It’s merely “what is legal”.
A Heavenly argument
On Earth it’s, “Don’t get mad, get even.”
The Captain
Bingo! I will use your phrasing in future. There is real peril from hyper-individualist forms of libertarianism that ignore the fundamentally social nature of language, morality, politics, and of being human.
Gold is manic.
Perhaps manic as a word means nothing to you.
Selfishness. I think that’s all it is.
Blind selfishness. Exactly.
The stoopid thinks it is a negotiation.
Gold is behaving in quite a logical manner given the state of the world.
Almost $3,400 an ounce, a bit up on $35 an ounce.
AI overview:
Since 1971, when the dollar was unlinked from gold, gold has seen a significant price increase. From January 1971 to December 2019, gold’s average annual returns were 10.6%. In 2023, the annual average return was 13.8%, and in 2024, it was over 28%
No counterparty risk either 
Now you are getting manic.
Here’s a recent article:
August 01, 2025
Official Reserve Revaluations: The International Experience
{. This note reviews the rare cases when countries used proceeds from valuation gains on gold and foreign exchange reserves. Over the past 30 years, only five countries have done so—Germany, Italy, Lebanon, Curacao and Saint Martin, and South Africa.
Snip
Central banks have used revaluation proceeds to offset operating losses and maintain net profits or minimize reported net losses.3
Snip
Central governments have drawn on revaluation proceeds to retire existing debts, often in exceptional fiscal circumstances.
Snip
Central banks use a wide range of accounting procedures to value the gold holdings on their balance sheets (Sullivan, 2018).
Snip … }
Then it goes into some background details, and the experiences of the above mentioned countries.
Being neither an economist nor gold bug …
[Woke Trigger warning …]
I dumped it into ChatGPT for a 5 point summary.
Here’s #5, how the US might revalue and use the new found wealth
{ 5. U.S. Implications & Policy Debate
Applying this framework to the U.S., revaluing the Treasury’s 261.5 million ounces of Fort Knox gold (currently booked at $42.22 per ounce) to near-market levels (~$3,400/oz) could, on paper, generate upward of $750 billion—approximately 3% of GDP—to be used for debt reduction, budget support, or other purposes without issuing new bonds.
While the Fed does not make policy recommendations, the note has reignited discussions in Washington about how such a revaluation windfall might be used, with ideas ranging from paying down national debt to funding a Bitcoin reserve. }
IIRC, these have been discussed previously. I don’t see anything that’s new to me.
Other than that this is a FEDERAL RESERVE “Note”.
I suspect the Note was produced at the request of some higher power.
US gold reserves are mark to market about $750B. Or 3/4T.
AP news reports { “We are now adding a trillion more to the national debt every 5 months,” Peterson said}
Heh!
ralph
Well, that’s nice, but to cite one “implication”, if there was no more gold at Fort Knox, the international financial community would immediately downgrade US debt, costing us billions, perhaps trillions more in interest for the debt that remained. (I know, I know, there’s other gold, like in NY, but the headline shock would squelch any defensive after-chatter.)
No, you can’t just sell the gold in Fort Knox. Or anywhere, really, at least not in any significant enough quantity to matter.
Next.
Maybe it could be “value added”? And gifted?
ralph
I actually found this “moment” to be an utterly brilliant classic silicon valley snot-nosed arrogant moment.
The moment you let yourself think about what DJT when he got this “keepsake” along with the bribe.
Just, damn.
Yes, I am falling asleep. The original message is sufficiently expressive of my gut that I will leave it as an unedited “moment”.
I’m pretty sure that the 10-year return on Bitcoin beats GOLD by a mile.
intercst