>>18822570 pb Possible revalue of Gold at $42.22/oz to $1k or $2k
Could Treasury Mobilize Gold Reserves To Sidestep Debt Ceiling?
https://www.youtube.com/watch?v=wsOi0z8RKhM
Skip to about 6:30m for the stuff related to US Treasury and Gold revalue. This guy pretty much gets it with much of what he posts on his personal y/t account regarding economics although the last comment on this video is something I strongly disagree with…countries will certainly nationalize their internal resources at some point and the shares held in them by anyone on the outside looking in will be worthless-why wouldn't they?
That doesn't mean you can't trade them for performance (but don't marry them) as the miners (shares) are usually the canary in the coal mine for any PM spot price smackage
It's already habbening in Chile (w/ lithium) and the Mexican Gov't (senate) passed a bill in the wee hours of the morning two weeks ago that set them up to effectively nationalize all of that-see stories below
Chile plans to nationalize its vast lithium industry
https://www.reuters.com/markets/commodities/chiles-boric-announces-plan-nationalize-lithium-industry-2023-04-21/
The (Mexican) Senate Approves Reform to the Mining Law
https://mexicobusiness.news/mining/news/senate-approves-reform-mining-law