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It seems tempting for a Treasury faced with a debt of $36.21 trillion and a budget deficit of $1.8 trillion. However, revaluing the United States’ extensive gold reserves to market value would be like opening Pandora’s Box, with repercussions capable of shaking the foundations of the global financial system.
By Mike RossIt seems tempting for a Treasury faced with a debt of $36.21 trillion and a budget deficit of $1.8 trillion. However, revaluing the United States’ extensive gold reserves to market value would be like opening Pandora’s Box, with repercussions capable of shaking the foundations of the global financial system.