Their Secret Plan To Revalue Gold?

[Viking]

 

[nickndfl]

They.cannot fix the price of gold. Let's see how all this washes out. I am ok with $8k Au at this point. I could take the rest of the month off.

 

[Casey Jones]

That would be a mistake.

Because you'd be no richer, except maybe with a temporary chance to retire some debt. Gold won't be worth more - it's just an acknowledgement that the dollar is worth FAR LESS than we've been led to believe.

It takes some shifting of mental paradigms. We're in a world where cars are $70k and new homes, $500k. And real-estate tax bills, $40k a year.

Outrageous.

...not really. It's that the dollar has been so debased, that car-wash attendants now make $20 an hour. I remember when they made TWO dollars an hour.

Everything has gone up between 10x and 20x what it was fifty years ago.

Except your stated-benefit pension plan or IRA.

So my little pile of gold discs, are now worth three times what they were in January, if gold were at $9k. That doesn't mean I'm flush. It means my rent soon will be going up even MOAR, as I get notices of a two-percent COLA in my retirement benefits.

I need those gold slugs moar than ever, now.

 

[pmbug]

The Federal Reserve published a research note:

With public debt at high levels, some governments have begun to explore financing additional expenditures without raising taxes while also not increasing public debt outstanding. One possibility is using proceeds from valuation gains on gold reserves, as has been floated in the U.S. and Belgium recently.1 For the U.S., this would involve revaluing the government's 261.5 million troy ounces in gold reserves—the largest gold reserves globally— from a statutory price of $42.22 per troy ounce to current market prices, which stand around $3300 per troy ounce.2

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. What motivated the governments in these countries to use the proceeds from valuation changes in their official reserves? How were the revaluations implemented, and what were the outcomes? Revaluation proceeds have been either used by the central bank, as in the cases of Italy and Curacao and Saint Martin, or by the central government, as in South Africa, Lebanon, and Germany.
...

More:

Official Reserve Revaluations: The International Experience

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Voodoo]

They.cannot fix the price of gold. Let's see how all this washes out. I am ok with $8k Au at this point. I could take the rest of the month off.

What do you think the $34 and $41 prices were back in the day? They very well can fix the price of Gold, especially on their own balance sheets. What they can not do is fix the Value of Gold.

 

[Casey Jones]

What do you think the $34 and $41 prices were back in the day? They very well can fix the price of Gold, especially on their own balance sheets. What they can not do is fix the Value of Gold.

If the dollar is backed by gold, then a set price isn't a price-fixing; it's a measurement of what the dollar is worth / is backed by.

 

[nickndfl]

Something is brewing. Trump is setting up MAGA to dominate finance for the next 20 years the same way LBJ did to the welfare class.

 

[Casey Jones]

Something is brewing. Trump is setting up MAGA to dominate finance for the next 20 years the same way LBJ did to the welfare class.

Listening, right now, to Mike Ferris (Coffee & A Mike) with author Matt Bracken.

Bracken has said, for a time, he thinks Trump is under duress - that Epstein was a Mossad operation and now Trump is under their control. He relays how Epstein was also involved in semi-legit beauty pageants, and Trump owned the trademarks for Miss Universe. And that Trump, 30 years ago, called the cops in Florida, for rowdy kids - thinking they were neighbor kids. They were, kinda - his neighbor a couple mansions over, was Epstein. So, Trump, the Miss Universe owner, and Epstein, the hanger-on and recruiter, surely had paths cross.

There's logic to that - Bracken also shows how Alan Dershowitz, who has been obviously impotent for a LONG time, was also in the Epstein flight logs. There's levels of involvement and contact.

So they got Trump. Epstein was the cat's paw of Mossad, AND MAYBE, also, the Wierd Elitists' Fantasy club, there in Davos.

Trump may well feel he has no choice. Being outed would not be the worst of it - he could get hit and THEN have the family destroyed by Mossad/WEF planted fake evidence, to discredit and criminalize the survivors. AND to proceed with the Grate Reset - ramp it up, again, boys, Orange-Man GONE!

So, to tie it in: Yes, I think Trump is pushing this. No, I don't think he's doing it of his own volition.

 

[Voodoo]

If the dollar is backed by gold, then a set price isn't a price-fixing; it's a measurement of what the dollar is worth / is backed by.

It is price fixing... clearly the value of gold was changing during that time. But they had to change the price fix because the dollar was getting weaker.

 

[Casey Jones]

It is price fixing... clearly the value of gold was changing during that time. But they had to change the price fix because the dollar was getting weaker.

No, they changed the price, at the times they did - post-Civil War, and after Roosevelt's theft - they did that in a deliberate program to inflate the currency.

Remember, they couldn't, in those days, just print or CTRL+P moar dollars. Dollars were backed. But Roosevelt's Socialist underlings had their plans. They needed MOAR.

So they increased the money supply by 65 percent or so, revaluing the confiscated gold from $20 to $35.

Neat trick. But it wasn't suppressing the price. It was STATING the worth of dollars - making them fall, so as to have moar, suddenly.

In currency debasement, the recipient of newly-created units, the FIRST recipient, enjoys the greatest benefit - prices in the economy have not yet adjusted to the new reality. Later recipients (through commerce) don't benefit, as inflation price-increases reflect the money-supply growth.

Today, the Banksters who are Fed members enjoy the benefits of CTRL+P. Back then, it was the New Dealers in the new Alphabet Agencies that got the most benefit.

 

[Voodoo]

They always need MOAR, correct. And they did it for that reason back then just as they are now. They need to sell more bonds.

That's literally the definition of price fixing. They set the price of the dollar to $25 dollars worth one ounce of gold. And then proceeded to change the set price to $35. It is Still on their books at like $41.31 / oz. Which is why its soooooo tempting to revalue that now. They went to more of a floating rate / rigged Comex paper game that was more sophisticated.

 

[Voodoo]

No, they changed the price, at the times they did - post-Civil War, and after Roosevelt's theft - they did that in a deliberate program to inflate the currency.

Remember, they couldn't, in those days, just print or CTRL+P moar dollars. Dollars were backed. But Roosevelt's Socialist underlings had their plans. They needed MOAR.

So they increased the money supply by 65 percent or so, revaluing the confiscated gold from $20 to $35.

Neat trick. But it wasn't suppressing the price. It was STATING the worth of dollars - making them fall, so as to have moar, suddenly.

In currency debasement, the recipient of newly-created units, the FIRST recipient, enjoys the greatest benefit - prices in the economy have not yet adjusted to the new reality. Later recipients (through commerce) don't benefit, as inflation price-increases reflect the money-supply growth.

Today, the Banksters who are Fed members enjoy the benefits of CTRL+P. Back then, it was the New Dealers in the new Alphabet Agencies that got the most benefit.

Maybe I can simplify. If they can change/set the price of something, its by definition price fixing.

 

[Casey Jones]

Maybe I can simplify. If they can change/set the price of something, its by definition price fixing.

And maybe it's the opposite.

That the DOLLAR's value was being manipulated. Downward. That was what the revaluations I listed were about.

Gold was, in the end, constant. What shifted, arbitrarily, was the value of the dollar - which is a concept, not a real thing - the value of this concept-dollar to a tangible unit of an elemental precious-metal.

I don't have the record, but I'm sure that gold's price in Zurich or London was unaffected by the Reconstruction devaluation or the New Raw Deal arbitrary declaration. In those years there was relatively little international finance, so value of American instruments may or may not have had immediate repercussions. Surely the bank's exchange rate on dollars was quickly changed.

What got "manipulated" was the value of the dollar. Back then, though, it was pegged. Now it's a floating fiat.

 

[Voodoo]

Price is not Value... Just keep that in mind. It's Very common in Real estate, no one gets the difference between Cost and Value.

In fact, that is why Price Fixing always fails. Whether its setting a Currency to Gold Price, or Currency to Currency Peg, or even a Commie trying to say that a Loaf of Bread should always be $3. The underlying values are always changing and eventually those fixes will fail.

 

[Casey Jones]

They always need MOAR, correct. And they did it for that reason back then just as they are now. They need to sell more bonds.

They didn't need to sell bonds. In fact, in peacetime, I don't think there was a bond-selling program prior to the Raw Deal.

Bonds are the detergent in the money-laundry that is the Fed. But without deficit spending, there is no need for bonds. Prior to the Fed, there was no laundry. Prior to Roosevelt, we did not wallow in deficit spending.

Back then, gold - not "Full Faith-Credit-Yada Yada" - gold, was the backing of the dollar. There could not be more dollars in circulation than there was backing for.

Now, of course, the Fed can manage the money supply as it sees fit - CTRL+P. Nuffin to it. Just be sure to jigger the government stats so as to be able to pretend that inflation (which now is permanent) is not showing up in prices (which cannot help but be).

Since the whole Gimmedat and MIC pressure organizations depend on deficit spending, paid for by inflating away the dollar...do you see how hopeless it is to talk about a return to the gold standard?

 

[Casey Jones]

Price is not Value... Just keep that in mind. It's Very common in Real estate, no one gets the difference between Cost and Value.

Price is what a buyer will pay.

ASKING price is nothing. It's an aspiration of the seller.

PAID price is the buyer's PERCEPTION of value. Which may or may not be accurate - and that works both ways, as anyone who's tried to sell a good used car at home, can attest.

 

[SilverStacker]

They had better do something....and soon.

Kamala and her cronies looted her re-election fund. Whats that tell you about the Democrats ?. My God, save us please.

 

[Cigarlover]

Revaluing the US gold reserves to 3300 gets us to about 893 billion. 150,000 gold gets us to about 39 trillion.

 

[Voodoo]

Price is what a buyer will pay.

ASKING price is nothing. It's an aspiration of the seller.

PAID price is the buyer's PERCEPTION of value. Which may or may not be accurate - and that works both ways, as anyone who's tried to sell a good used car at home, can attest.

That's value not price. The price is the number someone put something out for sale. So if a a store wants to ask $100 for a ASE they can but won't find many buyers because they overvalued it right now.

 

[Voodoo]

Another good example is between Cost and Value. I would ask you how much would it cost to "improve" your home and Gold Foil All of say your window trim...? Most sellers start with well I paid $100k dollars to gold plate my windows so it should be worth way more.

Whereas the market probably says that is ugly and hideous and may even hurt the actual value of the house. The cost is irrelevant to the market value.

 

[Chigg]

If they revalue gold to pay of the debt, would they not have to sell it? Cigar Lover states above that at $150k per once the U.S. stash would be worth $39 bil. But it would have to be converted to dollars to pay the debt. Who would buy @ $150k per ounce? The fed.

 

[Casey Jones]

If they revalue gold to pay of the debt, would they not have to sell it? Cigar Lover states above that at $150k per once the U.S. stash would be worth $39 bil. But it would have to be converted to dollars to pay the debt. Who would buy @ $150k per ounce? The fed.

It's not about PAYING OFF the debt.

It's about CALCULATING it. Assets on one side of the ledger; liabilities on the other.

Wave a magic wand and increase, 10x, the value of your assets, and then, your debts don't look so bad.

If you do it, it's fraud. If you do it to borrow money from the bank, it's theft-by-deception.

If the Leftist Gimmedatz government does it, it's a good thing, I guess.

 

[Casey Jones]

If they revalue gold to pay of the debt, would they not have to sell it? Cigar Lover states above that at $150k per once the U.S. stash would be worth $39 bil. But it would have to be converted to dollars to pay the debt. Who would buy @ $150k per ounce? The fed.

It's not about PAYING OFF the debt.

It's about CALCULATING it. Assets on one side of the ledger; liabilities on the other.

Wave a magic wand and increase, 10x, the value of your assets, and then, your debts don't look so bad.

If you do it, it's fraud. If you do it to borrow money from the bank, it's theft-by-deception.

If the Leftist Gimmedatz government does it, it's a good thing, I guess.

 

[Chigg]

If they revalue x45 to get to $150k, would that not devalue the dollar x45?

Say on September 1st. Trump announces," Today I am revaluing our gold holdings to $150k per ounce, how would that effect the street price?

 

[Casey Jones]

If they revalue x45 to get to $150k, would that not devalue the dollar x45?

Essentially, yes.

Realignment will take time. Remember, the deliberate inflation of the currency - I mean the rapid inflation they called Quantitative Easing, coupled to Zero-Interest...started in 2009, with the GFC, but it took fifteen years to really start driving prices up. That, too, is historically in line with Wiemar's money-printing experiment.

So we would see imported goods start increasing in prices; and of course the Left will blame the (phantom tariffs (of COURSE tariffs cause price increases in cars made in Detroit); but it will happen.

There's no free lunch in this. The debt will be paid. If the US were to default (Constitution notwithstanding) then our debtors, China in the fore, would take their pound of flesh. Literally.

 

[nickndfl]

Au @ $150k and everybody would be walking around in $5000 blue jeans looking for empty cans to cash in to supplement their food rations.

 

[Casey Jones]

It's gonna happen anyway. The course is set.

With the unfathomable goobermint debt over our heads, there is no way they can do anything BUT print, and hold down interest, and engage in Operation Twist, QE-Infinity, UBI, Helicopter Money, and, of course, MOAR WAR.

Powell's back is against the wall. Except, if he were an honorable man (and not a Lizard Bankster) he'd have resigned years ago. That outfit is criminal and it has ONE tool: Print money. It's other tools are to hide the money-printing from the sheeple; and to delay the effects of money-printing, that is, hyperinflation.

Circular money-"lending" to member banks, to buy stawx for bank house accounts, delays hyperinflation. Stimmy checks, UBI, or other money drops, creates it immediately. I'm sure Powell is shocked. I'm not.

So, prices explode while incomes do not. Just like the 1970s...I was 18 years old, living on minimum wage, and shocked at how I was reduced to ruder and ruder hovels, then to the YMCA, and finally to moving back in with my parents.

I drove an old $500 car, with no insurance, had three sets of clothes, had NO social life...women cost MONEY...and it wasn't fun, then, and now will be less so, now that I'm old. Even though I have some cushion. Back then, new cars went from $3000 to $7000. Now they're going from $30k to $95k.

It's the exact same thing, but for the details. Inflation destroys a society. Money-printing not only creates inflation, it IS inflation.

And now, just to make sure the sheeple never get it, we've damaged their BRAINS with a neurotoxin mRNA Jab. So coming out of this will not be so easy.

 

[Bottom Feeder]

CJ, yer always sooo optimistic

 

[Casey Jones]

CJ, yer always sooo optimistic

Yet, you want me to start writing (I am, in fits and starts...I'll give a report in a few days).

The two go hand-in-hand. The heart of drama, is human suffering. People with great luck, seldom gain insight or lasting memories. To fail is to learn, and then to internalize; and then to realize it's part of the human condition. Someone who has never failed, has never lived.

For many, including the GenZ types...we're coming up on their first failure. Many Grapes-Of-Wrath stories will be written later...if literacy survives.

 

[Casey Jones]

OFF-TOPIC ALERT.

I'll post more in one of my Novel-Idea threads. But, everyone has been so patient and encouraging...I'm gonna put a half-chapter up, maybe tonight, a teaser.

That's how I write. Not linearly. My mind wanders; I think of what I'd done; what other people I admire or despise, have done. While I'm working out, or washing dishes, I let it play out in my imagination.

About three-quarters of it is lost before I can get to a keyboard. But, for some reason, I got to conceiving the the midpoint, the torrid scenes. Written PG, of course. I'm not writing a dirty book - but a book about dirty (and decent) people who got put in the wrong places, the wrong times, without resources.

Substack is a big question mark. I did a search with Brave/Grok a few weeks or so ago - just as I was finishing up a bottle of whiskey. You can guess how far that teaching effort went.

I should call back up that search and figure out how to get a general-access Substack going, but there's always something else more pressing. Back a month ago, I was packing for a trip. Right now it was shopping, for critical items.

Thanks for the indulgence.

 

[Cigarlover]

The price of gold on the books of 42.22 works out to about 11 billion dollars. The amount of gold certificates that were printed works out to the same and guess who owns them all? The federal reserve bank.
Obviously the big question is does all of the gold really belong to the federal reserve? If so it doesn't matter what the official price on the treasures books is and it doesn't matter if there is gold in Fort Knox or not.

I think this came out in the interview with Judy Shelton and she said something to the effect that this administration was looking into what this really means. Is that paper worthless or does the fed reserve really have a claim on all of the gold in Ft Knox.

 

[nickndfl]

FED has zero claim on the gold. They get the paper. Kind of ironic isn't it?

 

[Cigarlover]

They aren't certain of that which is why this administration is looking into it. Lawyers are getting involved which means the fed may have a legit claim.

 

[foolsgold]

If they perform the action the video suggests, would the ownership of the gold in Fort Knox be transferred to the Fed?

 

[Viking]

If they perform the action the video suggests, would the ownership of the gold in Fort Knox be transferred to the Fed?

No.

 

[Cigarlover]

No.

What is a claim then? Is this a 3 stooges movie? Maybe someone else can make this make sense.
The government wants to sell the federal reserve bankers worthless piece of paper in exchange for them printing mo money that will never be considered debt because we gave them worthless pieces of paper in the exchange? In the process the American people also get hosed because as we know, printing 5 trillion dollars adds about 20% inflation. Why would bankers ever consider doing something like that if they cant take possession of the gold at some point?

Why stop at 20 or 30,000. Lets just go to 150,000 and end the debt altogether. But why even stop there, lets just go to 300,000 and give up 1/2 the gold in worthless paper claims that no one can ever exercise? Hell, lets make it a billion an oz and make every taxpayer in the US millionaires or even billionaires. This is all just silly. When I listened to Judy Shelton the other day she was saying to sell 50 year bonds backed by gold at whatever price but currently they would be worth a trillion dollars. Thats fine to satisfy 1 years interest payments but what do we do for the next 50 years? And at the end of 50 years whoever owns those bonds will surely cash them in for gold if the government doesn't renege on that as well.

All of these silly accounting games are nothing more than, well, silly accounting games. There is only 1 measure of account that matters and that is gold. JPM words are as true today as they were when he 1st said them. Basically gold is money and everything else is credit. The only thing that works to protect the people of the world from unscrupulous governments is a gold standard in which gold is the only money (Silver could be as well) and governments are never allowed to borrow money. It's the only way a persons paycheck will ever have any real meaning. Anything short of that is depriving a person of the energy they put into working for their entire lives.