Marc Chandler - Why Would The US Revalue Its Gold?
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market joins us to discuss the potential revaluation of US gold holdings, marking them to their current market value, up from the current book value of just $42 an ounce.
We explore how this revaluation could impact the US Treasury’s balance sheet by boosting its assets significantly. We also compare the actual effect on the US's overall financial health given the current debt levels. The conversation touches on the possibility of returning to a gold standard and examines how this could potentially lower long-term interest rates.
Additionally, we discuss the broader economic implications, such as the influence on inflation, market confidence, and the potential to create a sovereign wealth fund. Other topics include the current state of the gold market in light of global events, the fluctuating rates, and speculation on whether revalued gold would lead to a strategic reserve for the US or impact its geopolitical positioning.
