Chris Olson

Wouldn't it be nice?

Wouldn't it be nice?

Yeah.

So there are people who have, you know, who watch the value of the Federal Reserve's balance sheet and market to market because there is enough information, I think, that people are able to do that.

Or you could look at the money supplier or take other barometers of money.

What is in circulation?

But there have been a number of times, James Rickards, who is a famous commentator on these topics, he's written a few books about this topic.

And he describes in one of his books, I believe it's The Death of Money.

where he discusses the fact that the Federal Reserve, technically on paper, marking everything to market, has been underwater a couple of times.

You know, essentially insolvent.

But that didn't include...

marking the gold to market or revaluing it to some other price, which may be arbitrary or it may be an actual market price.

And so it would appear that the gold on the Fed's balance sheet has always been sort of a standing tool, like an ace in the hole to say,

if we need to revalue this asset to rebalance the balance sheet of the fed of our currency then we'll revalue that asset what would happen to since the united states is supposedly the world's largest holder of gold what would happen to the to the gold price if they did that it depends on what metric you would want to use um

People talk about the old gold standard under the Federal Reserve where we had a 40% reserve ratio.

40% of the value of the dollar had to be backed by gold.

There's other ways to determine it.

So if the value of gold were set to, say, 40% or some other number, it's going to be between...

know maybe 20 000 and 40 000 as high as 40 000 to to get that ratio back now many things could happen between now and that point which could change the the makeup of the balance sheet of the fed so who knows where that number would actually end up but it would be multiples higher of where it is right now

I think it was Luke Grohman who said that if we wanted to get to a one-to-one parity with Chinese Yuan, we would need roughly a $22,000 gold price.