$20,000 Gold: Is A Treasury Revaluation Possible?

Thank you as always for choosing www.GoldSilver.com as your bullion dealer. Could gold be the key to solving America's debt crisis? Join Alan Hibbard as he delves into the intriguing proposal of revaluing the U.S. Treasury's gold reserves to $20,000 per ounce. This bold move could potentially slash the national debt to GDP ratio and reshape the financial landscape. What does this mean for gold owners, the dollar, and the global economy? Find out in our comprehensive breakdown featuring expert insights and detailed analysis. Don't miss the vital discussions on:
* The mechanics of gold revaluation and its $5 trillion potential.
* Impacts on treasury holders and global currency values.
* Strategic insights from economist Luke Gromen and practical examples.Whether you're an investor, economist, or just curious about the future of U.S. fiscal policy, this video is a must-watch! Subscribe for more insightful content and visit our sponsor at goldsilver.com for trusted precious metals investments.
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As always, thank you for your support. M.

[@superstar5123]

gold and silver, buy them physically, feel like a king

[@thekid1001]

1st - Thank you for all the great videos 2nd - I respectfully disagree with what you said about gold owners in US keeping spending power the same. Your correct that inflation rises prices but you didn’t factor in supply and demand. 90%+ of people THAT DONT OWN GOLD won’t be in the bidding for prices. The sellers can raise their prices all day long but when most are trying to eat, they won’t be buying boats, cars etc… 3rd - China has thousands of tons of gold and will enjoy the new price with US, so I don’t think war is prompted. 4th - Hoping gold going up is NOT bad because people will suffer, more will suffer if we keep this immoral system of slavery going. THX AGAIN

[@intrinsicfactor5425]

......"don't wait to buy gold, buy gold then wait".

[@nidhogg6344]

That's a nice expression :D

[@ClockFixer]

Clever

[@frederickmuhlbauer9477]

Been buying and stacking since 2005

[@timfatout7082]

Basically, a currency devaluation, which is always what I thought would happen - but I think it will be a lot more than $20K

[@frederickmuhlbauer9477]

Probably skies the limit actually

[@energyfitness5116]

BitCoin skyrocketed based upon a lot less. I don't expect gold to hit 60k per Oz, but why not?

[@robhumphrey946]

I do not believe this analysis takes into account the falling demand (and hence price) for existing assets priced in dollars, that become available in a fire sale, that no one but a gold holder could purchase. So not all assets would go up 10X, most would fall greatly, priced in dollars, because no one with dollars could afford to buy assets that jump 10X in price, while the amount of dollars they hold remains the same?

[@truewealth50]

I agree..The cure for high prices are high prices..Not everything will go up and what does go up may not stay inflated for long..

[@FreeSpeech4All]

Well, those US assets (stocks) would be purchased by the foreigners who find themselves with sudden increased purchasing power relative to the dollar. Trump used to say that if Biden got elected, China would own this country. Maybe that's what he meant as the Chinese would be able to come over here and buy up all sorts of stuff. 🤔

[@girlafraid4045]

yes the whole theory is flawed. it would basically be shit show for all and really don't care to find out. no problem w/ them repricing it to market value, beyond that... DOTgov. just stay the ef away.

[@StofStuiver]

Nothing will happen. Its just a trick on the books. Notice that current gold value on the books is 40 usd / oz, while in reality its 2200 So what makes the guy think, writing it to 20k/oz will have any effect? It wont. And suppose they then say they have 5 trillion USD to spend and do that, how does that affect anything? Theyve already created 30 trillion USD out of thin air and this is just 5 trillion more. Further increasing the problems.

[@LaerKanan]

I like the approach but it is rather simplistic and as per (all things are equal) and believe me nothing will be equal if that happens as it will shatter the global economy... You need to take into account things like USD based assets will go on sale immediately...the USD will shatter against gold at a much higher pace than what is calculated...gold holders will be kings on both sides (in US and outside) as other currencies will become valueless over night (barter trade will appear immediately although i believe it is happening already on a very little scale)...with this mega inflation, all assets ...real assets like farms, houses, will be on sale immediately....the bad news for people in the US who are holding gold and other valuable stuff that their lives will probably shorten as the most armed country in the world will become over night the least safest place on earth...Maybe Gromen did not think deep enough about this option...for me, the route the US government will taje is to revalue all assets lower ofcourse while concurrently introducing d8gital currency to ensure the system does not crash....then the gold holders will suffer a bit...but it will have already risen to beyond today's levels even after revaluing/introducing a digital currency...won't happen in Trumps time though as he stated...

[@TheJeffatan]

Is the gold in Fort know? No independent audits for decades.

[@deepnurmom1737]

Ita prob empty but we have tons of gold n the ground that the gov turned n2 gov land so nobody could mine it Chocolate mountain is just 1 spot We need 2 get back 2 real money and a strong mining/production base will b needed anyways

[@Jumbosock]

I think the government has zero gold. Just an empty warehouse.

[@pastexpiry2013B]

@@Jumbosock Could be worse. I live in Canada, and our government sold all of its gold reserves.... I think they sold around the time it was $250 an ounce. Now we're left with zero gold and a pathetic woke Prime Minister.

[@atrax7023]

Fort Knox is empty.

[@TheJeffatan]

@arag7023 full of IOU notes from all the criminal bankers.

[@foolsleadtheworld578]

The best way to revalue gold would be to do it globally so the US dollar will not loose buying power compared to other fiat currencies. They just need to motivate banks to bid up the price instead of trying to keep it down, ironically what they have done for years. If done this way the import prices will not explpode in the US, and other countries with debt problems and gold holdings will also benefit.

[@gilbertaragon6582]

If they did, countries financial statements would be compared and then measured in gold units - perhaps shifting the world powers.

[@foolsleadtheworld578]

@@gilbertaragon6582 Would be worse if the dollar lost 90% buying power compared to all other fiats.

[@lezzgp]

I see what you mean. If they bid the price up they could essentially swop treasuries for gold given that the gold itself is fungible. That would potentially have less of an impact on inflation since the world is run on oil but not on gold. This scheme would be debasing the true fair value of Gold.

[@DUES_EX]

@@gilbertaragon6582dollar is already dying

[@foolsleadtheworld578]

@@lezzgp If all countries revalued gold, it would not debase the value of gold, but increase the value of gold. It would keep prices and inflation down (except in the price of gold which could buy more, for instance debt for the governments)

[@not_sure...]

So many reasons why this would never happen. Also its not hard to see the ripple effects after this enormous transfer of wealth. The percentage of people in the US that own gold is very small. If the dollar devalues for almost the entirety of the US population, those with gold will be buying their assets for very cheap prices. While everyone is selling their cars, homes, and property to deal with the rapid inflation, those that keep their purchasing power in the form of gold will be able to scoop these up for a small percentage of their gold holdings right? Or am I missinf something?

[@MrPatrick1414]

Yes...similar to a hyperinflation event like Weimar Germany where those owning Gold where very well off

[@tanyaz1812]

@ptaeiyMaybe read “When Money Dies”.

[@nidhogg6344]

@ptaeiy you have to see it differently. Someone that sold his house for fiat, just before the weimar inflation, suddenly lost it all in a year or 2 ... The one that had gold for that house he sold, still had a house worth of gold. Also, during an inflation, all asset devalue (even if the numbers go up). The one keeping his purchasing power with gold, can buy up those devalued assets. Once the inflation shit is over, the dude that sold his house for gold, can buy up 10 houses. Wealth doesn't disappear during hyperinflations. It just moves from one person, to another.

[@MrPatrick1414]

@ptaeiy compared to someone that didn't own Gold they were. Gold held its value while the currency did not

[@mehdimirza2284]

Alan what would happen if you are abroad eg in UK, have gold, have a large residential mortgage. If gold is revalued 10x then as I see it the residential loan or other debt would be devalued as a result meaning someone could pay off their debt easily

[@Goldsilver]

Thumbs up for another great update from Alan.

[@Skekzyz]

$422,222 is the only number that has 261.5 million ounces cover all US liabilities.

[@cranberryeater7459]

Treasury claims to hold 147 million ounces

[@Skekzyz]

@@cranberryeater7459 147m@Fort Knox www.fiscal.treasury.gov/reports-statements/gold-report/21-02.html this is older but it doesn't change much and hasn't been audited and randomly assayed since the 1950s.

[@chrisk1903]

Allan has a break in his logic Mike. If No Gold holders lose 90% of their PP and Gold Holders PP remain stable, then where did the 90% in PP get transferred? It went to the Gold Holders, the Fed being 1 of many.

[@cranberryeater7459]

@@chrisk1903 you are assuming the Fed owns Gold. It is unlikely that the Fed nor the US Treasury own any Gold. It is more probable that they Gold in Fort Knox is owned by commercial banks, and LEASED to the US Treasury.

[@DrPorschephile]

Great thought experiment, but I disagree with the stated potential outcomes. You will gain purchasing power in US with gold because goods and services cannot entirely track a 10X overnight devaluation of the dollar beacause at 10X increased prices no one could afford goods and services so price would have to moderate to the point where sellers had a few buyers. Thus, if you had gold in the US your purchasing power would increase. The population would fear additional devaluations so gold would become preferred money which would further increase gold purchasing power. Additionally, folks in other countries would not escape unscathed because there would be fear if the mighty dollar devalues, that all other fiat currencies are soon the follow. So you would likely see an increase in price inflation world wide if this happened with appreciation in purchasing power for gold.

[@EroticOnion23]

My thoughts exactly, gold will be more liquid than fiat at that point, hence the demand. The scramble for gold would cause other asset prices relative to gold to decrease, so gold would be "worth" more purchasing power-wise.

[@kyanpepper92teller97]

I also don’t agree with his outcome.

[@lezzgp]

Assuming at that point the world hasn’t completely de-dollarised. I believe this thought experiment isn’t anchored in a wholistic understanding of what such a move would mean to the rest of the world and also the current treasury holders who’s holdings would theoretically also evaporate by 10x. This has as much chance of working as keeping ice solid in the Sahara desert.

[@StofStuiver]

That gold is on the books for 40USD/oz, with current real price of 2200/oz Why would anyone think increasing that will have any effect at all?

[@lezzgp]

@@StofStuiver absolutely. In fact I’d take your thought further and say who would agree to it. It’s a logical fallacy. A fraud perpetuated in broad day light. Imagine they push the price up 10x, they are allowed to collect their money right in this moment, use it to pay you, and then either your gold price goes up naturally or the value of your holdings is diminished by debasing it. I don’t see anyone country agreeing to it. Thats like your bank adjusting the balance in your account to allow you to pay off your debts and mortgage and then depreciating that same value. They’d have lost an asset. This is a fairytale thought. Wouldn’t happen.

[@jwb4bb]

A gold and silver revaluation is the only way out without a civil war, IMO.

[@spencer5028]

Mass deportations you mean

[@lezzgp]

They would require the agreement of the rest of the world. Wouldn’t work. America no longer has the real power to bully the world. Russia wouldn’t go with this and I don’t see China either since such a move holds no value for them other than undermining the value of the American treasury bills they hold.

[@pastexpiry2013B]

I don't see what the price of metals has do do will illegal immigrants and certain "groups" in the US known for their disproportionate criminal activity.

[@jwb4bb]

@@pastexpiry2013B Human trafficking is funded and enabled by the fiat masters. Cut off their funding and thrown them in jail and you put a big dent in the problem.

[@sw3559]

No. Kaspa and Bitcoin.

[@MK-si7kq]

Anybody who’s holding gold and has mortgage debt would definitely make out big. For that matter anybody who has gold and has any types of debt denominated in USD would benefit severely.

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[@petejames1326]

if gold gets re set to US$20,000/oz and gold holders DONT get rich, than what happens to those that have no gold? they obviously get totally wiped out, gold holders will MAINTAIN their standard of living, they will afford housing, food, bills etc... those that have 0 gold and only cash will become homeless and lose everything

[@simpslayer4793]

Then just buy gold

[@frederickmuhlbauer9477]

They starve basically

[@petejames1326]

@@frederickmuhlbauer9477 probably, i wont feel sorry at all for anyone that gets totally wiped out, im serious, im just a poor cab driver no one gives an F about me, its my own research that got me into precious metals, and im not telling anyone IRL about my investments, 99% of people have 0 PMs and they will get wiped out and become the new homeless, ill just be laughing at them, the same way as the elites now look down on me cos im just a cab driver and their little slave, not forever i wont be

[@LenPenzo]

If the purchasing power of Americans who DIDN'T hold gold fell by 90%, then the purchasing power of US gold holders would INCREASE because 99.9% of all Americans own ZERO gold. You are forgetting to account for the massive loss of purchasing power of people who are holding ONLY dollars - that would be highly deflationary for the prices of goods and services. I strongly suspect where gold holders WON'T see an increase in purchasing power is in many (if not most) commodities (e.g., oil) - in that case they gold holders' purchasing power will be close to what it was before revaluation.

[@rickgagliano176]

Nobody is going to buy a bunch of bananas for $21. Zero. I bought a head of romaine lettuce the other day for $4.17. It was marked at $2.49, which I thought wasn't too bad. I didn't realize that lettuce was now being priced per pound. We're in big trouble.

[@savagefist1029]

If that happens does that mean $50 per loaf of bread or gallon of gas?

[@rickgagliano176]

$300 bread, $5,000 a gallon gas. Buy an EV and go Keto.

[@emannn58]

if the US revalues gold (devalues the US dollar) -- other countries will follow suit

[@pastexpiry2013B]

Cool story bro. I think China will have something to say about that.

[@frederickmuhlbauer9477]

Ya think ?

[@PhysicalCoppercollector]

We want $20k gold

[@SavedbybGrace]

When do we want it?… NOW!!!

[@oneeleven9832]

I’m buying a McLaren P1 if it does 👍

[@wai-sunchia6190]

Haha, by then a McLaren would cost $1B!

[@plamenangelov3003]

I just don't understand why you assume that if gold is written up in dollars it wouldn't affect the rest of the worlds currencies as well... napkin math

[@dlukton]

Sure; Europe, Japan... and many others... would devalue as well. But inflation would still "rip".

[@macclark4112]

To me I care not at all if Gold goes that high. I am fine where I am now buying most of mine at $273 an oz. in November 1999.

[@scottboyington9768]

BOUGHT MINE AT 272 :)

[@briancallahan5673]

I’m at1200-1350

[@scottboyington9768]

@@briancallahan5673 the main thing is having some in these crazy times

[@pastexpiry2013B]

@@scottboyington9768 bought mine at $37.55 and got a coupon for Dairy Queen.

[@CrankAddict]

I don't agree with this guy. Those that own gold will have much increased purchasing power. You can look at a country like Argentina to prove this. Those that have nothing see inflation hitting them at 100% (doubling) every year, but gold is 400% higher in the same period. Many assets will experience a "relative" deflation compared to the price of gold because 99% of people just can't afford them. You can be sure that if the dollar is devalued to $20K/oz , you WILL be able to buy that fancy car or that house or even that farm that you could never afford before . That $1M homestead may go to $2M, but if you have 100oz of gold then you've got it covered. Remember the Golden Rule.

[@rustyshackleford2719]

Totally agree. Gold would substantially increase versus other assets, thus resulting in a huge win for gold holders. Let's not forget how much this would cause everyone to FOMO into gold and silver.

[@TechnoGlobalist]

This is one of my working hypothesis. Revaluation at least to 20.000$/oz possibly up to 200.000$/oz if we go back to a full gold redeemable standard.

[@StackingSurfer]

A factor not considered is that roughly 1% of US household own gold bullion or collectibles. This means that 99% of the country gets poorer while 1% gets to maintain. O way this wouldn’t cause deflationary pressure on prices as there would be fewer people able to purchase goods as prices 10x. I would believe prices would have to come down to some degree making it not par but more beneficial for those holding gold this increasing purchase power. Yes or no?

[@andreavandekleut6379]

Can I then re-evaluate my cat and sell it for 500k?😮

[@pastexpiry2013B]

Vets do that each time you visit them with your $10 cat.

[@edwardk3]

Where to bid?

[@StofStuiver]

Your cat is already worth 500k m8. You just have to find the person willing to pay that.

[@jefflynch3946]

If that CAT is a D-10 crawler tractor-it would be a good buy.

[@wai-sunchia6190]

Guys what a trip to the vet will cost for your $500k cat?

[@Marc_Peters_qs]

I find this a bit of a static excercise ... i think more relevant in this scenario is: Howmany households own gold as a percentage of the population. And subsequently how much of their networth is allocated to gold. Which then should lead to the following question howmany ounces are you holding versus the average / median household or any portfolio holder. If you are holding 20 ounces and the average is 0.5 ounces, your purchasing power versus other households is 40x not the same. I mean the real question in life, how much better are you off than people around you? if the average person goes down 10x but you're down only 2x, you're 5x better off than the average person. Anyways ... probably in such a inflationary scenario you will have quite a bit more (net)purchasing power ... right ? Who in their right mind would accept a dollar today, to buy a car or a home that might be worth 23% less tommorow. (Flavor of the day / hour ... let alone a month) Because when inflation goes 10x then all the current outstanding debts go x0.10 in nominal terms. Leading to a debt 'reset'. Therby the real purchasing power will be 'stored' or expressed via hard / tangible assets. Not in currency, paper assets / promisary notes. The FED doing this overnight is suicide for the USD. But i guess sometimes thats the last resort ?

[@andreavandekleut6379]

IF there is anything left to purchase or can you even have a house ?

[@Marc_Peters_qs]

@@andreavandekleut6379 indeed, you cannot buy that which is not for sale. Accelerating inflation even more ... money chasing less goods and services.

[@blueridgemountainprepper2166]

Something you didn't mention or if u did I missed it, possible because I'm at work. But if you're holding gold and it goes to 20k 30k 40k whatever a ounce. If you have a fixed rate mortgage you could pay off your home easily, as well as cars, trucks etc. Or am I missing something here. That means your gold in a way has the potential to make you wealthy in that senerio, right???

[@johnstudd4245]

That would be a best case scenario for people with debt....but. My thoughts on that are....I don't see the people/institutions that hold the notes such as mortgages, let those assets easily slip though their greedy little fingers by taking payment with hyper inflated dollars. They hold a lot of political influence as we know. I could see the Govt, under influence from the big banks, passing laws to have all contacts revalued at the rate of inflation or revaluation of the dollar, to "be fair to everyone". In that case you would most likely not come out ahead. We know the little guy seldom wins. The rich and influential make the rules, so to speak.

[@hottuna7]

@@johnstudd4245 Agree. Your stated scenario is likely to happen and, will also likely lead to a civil war because we all know that wealthy people rule the world and almost never lose and, history tells us that eventually the people fight back.

[@Itswat3vah]

I’m confused, why does some1 with gold who lives abroad gets 10x purchasing power in U.S. vs some1 with gold who lives in US?

[@ben11628]

because here we assume that only the dollar will be devalued and all the other currencies will stay the same (never happened in history). And even if the purchasing power went 10x - What will you buy in the US, when the US isn't producing anything anymore. The US is a banana state, a failed state, a reeal life clown show. The only problem is that the US has so much military equippment and they will harm the rest of the world while they are going down...

[@weetbix2083]

US $ is devalued 10x. Person in US remains the same as they have gold to offset the devaluation of the fiat.

[@Itswat3vah]

@@weetbix2083 but y would some1 aboard get 10x pp in the U.S. with their gold? Isn’t gold fungible?

[@weetbix2083]

@@Itswat3vah Increase in PP is only in $ and not AU

[@John-FourteenSix]

Gold values the currency. A failing fiat currency cannot place a value on anything.

[@Justme-xp4rf]

That surprised 😮 face is not professional. Let's keep the channel realistic with just your data. No face pumping is needed.

[@Jumbosock]

Let’s let the channel owner decide how to run his own channel.

[@Orweliannightmare]

Agree, don't go with the clickbait BS.

[@nikchilli]

Yeah right.. that's an annoying trend.. a bit juvenile to be honest. We come here for opinion backed up by statistics and facts. Not a face that looks like the reaction to someone who's just farted at the dinner table

[@Rob-cc8uz]

Absolutely

[@ratsofatso5525]

Ok Mom

[@minchin]

Could you perhaps do an episode in terms of re-evaluating gold at say $100,000 vs $20,000. If you are re-evaluating, why stop at $20,000? What am I missing?

[@NeuroPulse]

So gold would have a different price, measured in USD, in Portugal than it would in USA? I don't follow how that would happen or how it would not be quickly negated from arbitrage. Gold doesn't change from government policy, in this scenario the USD devalues 90%. The gold doesn't magically transform when it crosses the atlantic. So why would it buy 10x more because you were born in Portugal? Magic? I can consolidate that way better. Here, let's be pithy: Your table says that if I have an oz of gold in the US it will mantain 1x purchasing power. It says if I bring 1oz of gold over from Portugal it will have 10x purchasing power. What changed about the oz of gold?

[@jaytan915]

Thanks Alan for thinking this through for us. LG is brilliant and not easy to follow his maths. Let me add what I think of my situation if that revaluation happens. I live in South East Asia, my country's finances is stable and our currency is backed by $100B of foreign reserves. If the Dollar is devalued 90% against gold and stuff, then our foreign reserves go down that same 90%. But since our oil, agriculture and industrial production will be worth more, our currency will be affected less, say 50-70%. My local currency would likely appreciate 20-40% against the Dollar. I suspect China won't be hard done by. They have lots of competence and stuff and all that becomes more valuable, including all the gold they have stashed in every nook and cranny. As individuals, those with the most gold will be the biggest winner. The way the US finances is going, I think that even if that gold revaluation is not done, the price of gold will edge higher $1,000-2,000 every year and get there in slow motion the next 5-10 years.

[@pyr8dude781]

So, what you're saying is, the revaluation of gold to 20k is a veiled devaluation of the dollar. 🤔

[@Truthseeking717]

The chart depicting results of owning / not owning gold, owning / not owning treasuries, and domestic / abroad has two mistakes (15:47 timestamp): 1) purchasing power if you own treasuries living abroad should be 90% less purchasing power in the US 2) purchasing power if you own gold living abroad should be the same purchasing power in the US

[@iancassie9840]

Would there not be Bretton woods 3 where everyone lowers there counterfeited treasuries together The counterfeit currency price of gold rises in all countries. Reviewing how the pound lost its reserve status would also be helpful to the dollar doing the same thing

[@RebeccaIda-qp5jl]

Progress impressed: Tracking Revux development with keen interest!

[@gastUCR]

In 2011 there was deflation in asset prices and inflation in gold giving more buying power in terms of gold. Mayhap that wont happen this time.

[@yqbfrenchy9087]

So if I understood correctly I keep buying gold as Canadian and hope this will eventually take form so I can leave Chinada and purchase a nice property in Florida or Texas at a great price?

[@Mctyz125M]

Gold and silver is the true ruler of measure. Everything else is bound by it. Some like to use yard sticks and others like to use tape measures in metric.

[@Steak514]

You could get rich owning gold even if you're right that everything gets repriced so you essentially stand still. Go buy assets with debt. A home. But a 500k home. Go buy 10 pieces of gold. Your home is now paid for. You bought it for 20k.

[@brandonm5400]

How do we know they have that much gold ?

[@WeeG-bwc77]

You don't, the Bankers have no clothes, but what they Steal From Others and Future Generations.

[@EdmxndDantes]

You fail to take into account that if the U.S. unilaterally devaluates the dollar, other nations are not going to sit still for the competitive edge a cheap dollar would give U.S. companies in international trade. It's more likely that other nations would also devaluate their currencies against gold to maintain a competitive edge. It would be a classic "race to the bottom."

[@geoffdaly3991]

why would it make the slightest difference to debt when funded liabilities are a fraction of unfunded liabilities? the government is still stone broke even after this exercise also would the US devalue on its own .. or would it not be more logical for all countries to revalue gold together as a debt jubilee exercise in effect and maintain FX stability

[@DeborahDonna-dx8ym]

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[@PeaknikMicki]

I am not so sure general prices will rise to same extent as POG in a revaluation. Inflation is foremost a monetary phenomenon (Always and everywhere Ludwig Von Mises would add in) and is driven by availability of money (Currency as Mike would say) and credit. The alternative scenari is that foreign holders of USD want to exchange their USD for something else. But with the debt to GDP figure improved, how would that drive the dumping of dollars? Having that said, just revaluing to fix the debt to GDP ratio is of course just a temporary fix unless spending isn't curbed. So I don't see compelling reason to go down this path. Rather, in lieu of Gold backing and cut spending, I think the driver is the international community abandoning the USD in favor of physical Gold and that setting the price. And at least theoretically $20k could be a conservative figure.

[@jameskikuoka4863]

I THINK YOU BETTER CHECK YOUR MATH!!! There are 233,333,333 TROY OUNCES (not to be confused with ounces) in a US Short Ton of gold. US Treasury says we have 8000+ Tons (I assume US short ton, not metric) of gold. 233 million x 2400 (the rough, current gold price) = 5 Trillion? No, its 4.6-4.7 Trillion Dollars. So, you NEED MORE than $20,000 to get to that 5+Trillion mark. By the way, the price of gold on the government books is NOT $2400. It is $42.22/TROY OUNCE. Don’t “eyeball” figures. Gold “detractors” will use these inconsistencies to discredit you. BE EXACT and show the math!!!

[@rickgagliano176]

Thanks for being intelligent. It's so rare these days.

[@casimirnoga4719]

The thing you’re missing if gold gets revalued and the dollar goes down is people who have debt denominated in dollars that own gold will be able to sell some of that gold at a substantially higher price to raise dollars to pay off their debt. For instance, if you have a 500k mortgage and own gold you can sell that gold at a much higher price to get dollars to pay off that mortgage. Those people would benefit greatly.

[@HoangKhueNhien]

Increasing my holdings in Revux is not just a financial decision but a testament to my confidence in its trajectory. The belief in its potential to deliver significant returns is a driving force behind this strategic move.

[@aopl69]

The only problem I have with this is saying it wouldn't change the price of gold at about 13 minutes. If a country deliberately destroyed its currency that would make people want to buy gold and force the price up.

[@ThienNhanKristy]

Revux roadmap offers a promising glimpse into the future. The strategic planning and thoughtful execution showcased in the roadmap instill confidence in the project's trajectory and contribute to the overall excitement.

[@MrUseur]

I don't think that re- valuation is going to happen. The central bank will inflate to infinity until their currency is worthless. Then they will introduce CBDC and will say to the people that CBDC will solve all their problems.

[@miletopi]

You're right.

[@CT-ig2oz]

Then, they are gain more power of financial control!

[@PC-xv5uz]

It would no.affect purchasing power, since only 0.01% of the population has any decent amount of gold, unlike min 75% who have stocks in some format

[@delhume2691]

So how would companies pay their employees? Will they have a choice to be paid in gold v dollars? What about folks receiving retirement checks? If they did this, they should set clear debt to gdp targets and set a rate that puts a ceiling on just how much debt can be created. They should start clean with minimal debt. Start fresh. Now what we do might not be what's best for China or other countries. Food for thought.

[@JimMoriarity]

This is only feasible if you go back to an actual gold standard , where anyone can turn your $’s in for gold. Which, technically we, as individuals, can do, by just purchasing it outright in the open market. Although not at a fixed priced. The best way to retire the debt is to, as the debt matures, issue a new $ that is not a federal reserve note to pay the principal instead of issuing a new bond or note. There is NO reason to have debt if the currency has nothing backing it. It won’t cause anymore inflation, you are actually reducing the future amount of currency coming in to existence because more currency isn’t needed to pay the interest that would be occurring. The other benefit would be that interest rates would remain low because there are fewer bonds and notes in existence. The $ would still remain the reserve currency because it would now be stronger than the other currencies. This would / should force all other currencies to do the same. What would be even better to add to this solution, would be to eliminate the fractional reserve banking system. Or as I like to call it, “Legalized counterfeiting with a large dose of usury!!!” This would also, obviously, be anti inflationary. It will encourage the banks to offer better rates to stimulate savings, balancing the interest rates due to real free market forces. Banks will become more prudent in their lending policies, keeping prices in check.

[@TranTriAn]

While DOT, VRA, and SOL are on the bull run watchlist, Revux RVX shouldn't be underestimated. The potential for Revux to carve its niche in the market is evident, making it a compelling investment consideration.

[@kevinw9073]

I buy gold for insurance. $20,000 gold. A "pipe dream."

[@JackAllan-sr8bn]

Top-notch team, big developments expected from Revux soon!

[@Bufford2024]

It is a collossal reduction of fiat currency buying power, ... by 99 per cent. Gold is always the same, by weight.

[@user-hz5qd5rj6w]

Maloney has been saying this for Years! And that we will be buying houses with a few ounces of Silver.

[@DDD-xg7pv]

A lot of fantasy...if the usd fall the euro disappear...

[@rickgagliano176]

Could we hope for more?

[@delhume2691]

A world gold price should possibly apply to avoid country advantages over another due yo currency and their debt holdings.

[@PhamNhatPhien]

Presale investments have been my go-to strategy, and Revux is the latest addition to my portfolio. Early engagement often leads to significant gains, and Revux potential as a disruptor makes it a strategic choice.

[@tzgzz9245]

this video runs counter to Mike Maloneys entire thesis doesn't it? As described in his book Investing in Gold and Silver?

[@Vegasguy815]

i think the video (and his thesis?) is about retaining your purchasing power vs. having it devalued through inflation

[@tzgzz9245]

@@Vegasguy815 its been a while since Ive read the book, but I remember Mike talking about gold revaluations being an increase in purchasing power....

[@rawjhaw]

If/when the 'price' goes to lofty levels, will LCSs really be shelling out that much cash in unrecorded private transactions? It seems that those who will need or want to liquidate physical holdings at some point will have no way of avoiding whatever capital gains and/or other taxes can and likely will be assessed via practical channels. The future is so murky. I hate it.

[@melindaxbc5605]

This is an excellent exercise! Thank you so much for the presentation. It shows precisely why gold is INSURANCE to protect your purchasing power and not a "get rich" investment. When we buy gold, we are buying insurance against an inevitably devaluing fiat currency. Fiat is fleeting. Gold is eternal. Protect your wealth, friends. Buy and hold gold.

[@trailguy]

it will take quite a while for things to catch up to the price of gold, a few years would be rapid, maybe 5-10 for most things.

[@petejames1326]

if things totally collapse we could see $50,000/oz gold im serious

[@Dragonbhat]

If things totally collapse, it would be 5,000,000/oz. Or even worse nobody would accept dollars for their physical gold.

[@LaBachViet]

Revux revolutionary impact on loyalty programs could reshape the industry. Being an early adopter allows me to witness and contribute to this transformative journey, and I'm excited about the potential disruptions it could bring.

[@xanokothe]

we do not live in the gold standard anymore, there is no point to match gold and dept. Not saying that gold does not have value, is just that if they go back to gold standard they lose control over money supply

[@StofStuiver]

Thats a lot of hocus pocus with the numbers there. What is wrong imo is that the 126% debt/gdp is not calculated the same as the 74% debt/gdp. If you use real value of treasuries, you should imo also do that in the first calc, so 24 trillion with a real value of 15 (?) > 15 + 10 from intragovdebt = 25 /gdp of 27 = 92% current debt And if you buy back for 5 trillion you go to the 74%. Not that big of a difference. And its not going to solve the problem of currency creation from the last 25 years (30 trillion?) It would put gold in the neighbourhood of where it needs to be, but has so many consequences. F.i. you would then present the bill, to large extent to treasury owners, other countries, but trust in US bonds will be greatly undermined. Which affects the rest of outstanding bonds aswell. I dont know if this will have the effects stated. I mean suppose you do this. Its an administrative measure to artificially lower debt/gpd. Its not like you suddenly have more stuff of value. And also doesnt mean you can type in 5 trillion USD, bc theyve already done that. Thats the problem. Creating another 5 trillion out of thin air only increases the problems.

[@dlukton]

What would be the basis of the legal authority to "write up" the value of the gold? Would it be HR2435....?

[@rokwoonkim]

this analysis doesn't concern the currency defense system every country have. price of gold will getting high gradually and currency defense system of all countries will also gradually follows to getting down their value of own currency. because of the trading of real market. so this means all currencies bound to dollar, even like gold is, all currencies value will going down but only gold will not.

[@nicholaseff8511]

This video is filled with so many inaccuracies and assumptions It's not worth watching. Why do think the gold price would stop at the new statutory rate in a devaluation crisis? The price will go beyond the statutory rate. Even at the new statutory rate, a modern five dollar gold eagle would be about $2000, which is not horribly unfordable to the uninitiated. But it's not going to happen anyway, it's ridiculous speculation, fiscally irresponsible, and would destroy the dollar. It's also not necessary as (401K) retirement savings equal national debt. It's a pretty simple choice, support your government or lose your life savings.The Fed will implement CBDC in a crisis. They tried to devalue gold and reduce its significance in finance with BTC, however BTC will now be folded into the new CBDC at the inverse of a much lower dollar value (1/x). If you were worried about your savings and purchasing power, you should have prepared for this year's ago. Even a caveman could see this coming.

[@LuongBaoViet]

Standing out in the crowded crypto space is no small feat, but Revux manages to be a gem. Its unique features and value propositions make it a standout choice, setting it apart from the myriad of other projects in the market.

[@MavisBetty-mi6vc]

Promising roadmap ahead: Revux strategic vision unfolds!

[@thevikingwolfpack836]

What about silver?

[@triple9fine]

It’s a joke.

[@gimpee8113]

@@triple9fine ur reply make me hv a good laugh.

[@rickgagliano176]

silver @ 100:1 vs. gold, or $200 silver. Worst case scenario. I'm happy with 1 oz silver Kookaburras I bought for $16 in 2020 now worth $40-45. Will be worth more every day no matter what the FedRes does. America's institutions are broken. Grow tomatoes, raise sheep. Get a fg life.

[@gimpee8113]

@@triple9fine not to be disheartened, i watch bald guy silver, he said gold to silver is 1:2.5. He is more realistic, so far pretty good. Not like 75oz for a house kind of prediction. he talked about 60+$ silver. silver time will come, when ppl can't get gold they will buy silver. My frd from china bot silver 2 years ago, she said gold is too expensive. There is not so much silver to go around if is 1:2.5 ratio

[@chrisk1903]

Thanks Allan, but there is a break in your logic!!!! If No Gold holders lose 90% of their purchasing power, and Gold Holders PP has not changed, then where was the lost 90% PP been transferred? it must have gone somwehere, as wealth is never burned but merely transferred....I believe it goes to the Gold Holders. You should really think this through before making bold statements like this. Think of it also like this, if you own gold you are like your own central bank. If there is an accounting adjustment on the price and the Fed benefits, then all gold holders should benefit, not just the Fed.

[@11101Mh]

Does this into account the time value though? Prices of goods won’t go up immediately. Inflation takes time to trickle through the economy and those that hold gold can most likely cash in on their win and buy what needs to be bought before the purchasing power is diminished. It’s sort of like the fed printing a trillion dollars and inflation hitting the grocery store 12 months later and real estate 18 months later? But the fed had the longest stretch of that trillion dollars because they used it immediately.

[@CrowdControl123]

This would only happen after a total confiscation. Government abhors a windfall for regular people.

[@robertnakat4662]

If hyperinflation occurs because of a huge rise in the POG, the ultimate winners will be debtors who are heavily invested in hard assets ,property, stocks, precious metals as their debts will be extinguished there by transferring wealth from creditors to debtors, as in the case of 1924 GERMANY. Highly risky maneuver, unless one is already highly indebted. Not financial advice, DYOR

[@christinanapolitano6837]

Luke is brilliant

[@holaclive]

Don't forget the late Jim Sinclair (Mr Gold) said China has accumulated 50,000 tonnes of gold. I think they might have a say in the re valuation of gold. With the BRICS they will take action first.

[@jimdenzler389]

If gold jumps from $2K to $20K, my mortgage won’t be affected (re-valued at 10x) will it? Because it is fixed, right? So, if I have a 1-oz gold coin, shouldn’t I sell it (for $20K) and pay down $20K on my mortgage?

[@RedeemedPatriot76]

love your explanations.. Can you explain the timing of the Iraqi Dinar and V Dong rvs and decline of dollar. possibilities

[@delhume2691]

Question. Could you provide an analysis of the stock market v gold spot price ratio to test if one ounce of gold to buy the market ? This means to me that if the stock market corrects by dropping around 80%, as many folks anticipate, then market of 39,400 could drop to around 8,000. A one to one ratio would set gold at 8,000. Now, since the stock market is a derivative of the bond market, then that debt backed by an 8,000 gold price would reduce the debt to GDP ratio. Now your analysis suggests 20,000 and others have said upwards to 50,000. I favor a less extreme but more realistic guess that will support the bond market, reduces the debt to GDP ratio, creates a more realistic asset valuation on our government balance sheet, and a way to fight inflation. I am not sure if 8,000 or 10000 or 12000 or 16000 or 20000 is the more correct guess, but the point is that we need to set a gold price that helps us get out of the mess we have created and keep boundaries around it to establish long term growth goals that our country can sustain. Food for thought.

[@georgesuggs5381]

Can’t raise statutory gold price to $20k but they should raise it to the current value of Gold

[@trailguy]

i don't agree with the comparison between living abroad and in the US because if the US revalues it's gold, the price worldwide will equalize as the arbitrage trade will attract every big and small player immediately.

[@ejbh3160]

Hmm some holes in this logic. Firstly, if the US re-values gold in $$ then everyone else will also match that re-valuation, only in their own currency relative to the Dollar exchange rate (which will probably change drastically thereafter - but could stay the same if everyone else also re-values). Secondly there's no explanation why everything else goes up by 10x - & if it does, then literally nothing has been changed by increasing the gold 10x, except on paper as a way to write off/buy back 'debt' & then all those people who used to invest in T-bills will stop trusting US treasuries & the US will be stuffed - along with the people who don't hold gold - unless it sells its gold to pay for gov't spending - and those who hold gold, use it to pay for stuff - but if gov't already used the gold to buy back old T-bill debt, then what? Good try, but a bit too simplistic imo.

[@EroticOnion23]

Won't gold owners get "richer" though? I'd imagine people would sell off their assets (or semantically, "swap") for gold, since it will be the "new" liquid money, and EVERYONE needs liquidity; so you'd get more assets for that same amount of gold? Hence "richer" in the sense to higher purchasing power? The whole point is purchasing-power, how much you can get in return for the stuff you have 🤔 Also I don't get the ending summary, if you're from outside the USA and you come to the states with say 5oz of gold, you'd be just like the American guy with 5oz??? How would that matter in any difference...

[@paulbunyon6324]

Excellent presentation!

[@thomasbanfield9350]

Why is it taking so long for silver to perform. Been in silver since it was £11 per ounce. Still waiting for triple digits. What’s taking it so long?

[@DGimpeccablejaguar]

If you lose 90% off your purchasing power but 90% of the country lost 100% of their purchasing power…. You actually didn’t lose 90%

[@kasRose311]

I’d say looking at Weimar all prices didn’t rise equally compared to gold.

[@nidhogg6344]

21:34 the thing is, you have that much wealth on the planet, and it's distributed that way. If you get wealthier, someone will get poorer. If they suddenly pump gold to 20K, that means idd that the fiat will lose 90% of it's value. Those without gold, will lose wealth, while those with gold, will keep wealth or will even grow wealth. Those that still didn't realize what's going on with fiat money since 2020, are lost causes. Those ppl are meant to become poor. It's sad, but we can't change that.

[@kevinmanning7044]

There are many questions to ask, but this will destroy the lower income people. If prices were to rise as stated (hypothetically) then the lesser income people will be forced out on the streets because their rents and so forth will have to go up. Yes an equilibrium would work in there but the $20000 gold price would have that affect. Does that stand to reason. Further more if foreign currencies would appreciate then the US is on sale. Foreigners would be able to buy US properties at reasonable prices. If these are fair assessments then $20000 Gold would devastate US as we know it. Wouldn't it more palatable to raise it to say $5000. You are not addressing the world debts that are denominated in US $$. This is rife with unintended consequences.

[@GillAgainsIsland12]

Leaving out an important fact here. Supply and demand. If gold goes up to astronomical numbers and the cost of items go up proportionally then demand will drop like a rock. So, assets, such as homes would have to also drop dramatically. So, a home that was previously priced at $500,000 could drop to as low as $50,000 in the scenario described in the video (10x rise in gold prices). Does anyone see a different outcome?

[@joshducas1756]

Now he needs to take this video where they take that high priced Gold and have a currency to back. That is what we are going into, I was hoping this would be part of the video but good video.

[@simewood2040]

Why would they not take a gradual approach - a 10% or 20% upwards repricing in the first year?