The Federal Reserve is considering revaluing gold reserves from $42.22/ounce to $3,300/ounce, potentially increasing the government's balance sheet by $860 billion. This is intended to ease investor concerns about national debt.
"The Fed proposed $3,300 per troy ounce. So now we can do the same math equation. Let's assume we have the same amount of gold... Now all of a sudden we have $860 billion worth of gold on our balance sheet."
