Loading ...They could buy back the 400m oz for $1tn at today’s prices. Or 8,144 tons is only $680bn. As we know, a trillion is less than the gov interest payments annually. They are printing three trillion a year. They could buy it back at twice the price and add only $2tn, 10%, to M3, currently at $21tn. And debt at $35tn, with unfunded liabilities of well over $100tn. So with all that rubbish piled up it would need those 400m oz to be worth $390,000 per ounce to be backed by gold …..
Or, if it does matter, what does it mean? What difference would it make if there was 8,144 tons of gold at Ft Knox? I don’t think that anything other than a financial collapse, as in a total wipe out of the USD in all its forms, can bring meaning back to the real worth of an ounce. This would also cause societal collapse, for which most western countries have been primed with the unauthorised, unvoted on, immigration of mis-matched cultures.