☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.mlEnglish · 10 days agoTrump is pushing for the Mar-A-Lago Accord, a plan to convert foreign holdings of US debt into 100-year zero-coupon bonds that are banned from trading in the market.invezz.comexternal-linkmessage-square9fedilinkarrow-up11arrow-down10cross-posted to: economics@lemmy.worldpolitics@lemmy.worldeconomics@lemmy.ml
arrow-up11arrow-down1external-linkTrump is pushing for the Mar-A-Lago Accord, a plan to convert foreign holdings of US debt into 100-year zero-coupon bonds that are banned from trading in the market.invezz.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.mlEnglish · 10 days agomessage-square9fedilinkcross-posted to: economics@lemmy.worldpolitics@lemmy.worldeconomics@lemmy.ml
minus-squaredriving_crooner@lemmy.eco.brlinkfedilinkarrow-up0·9 days ago The US still prices its gold reserves at $42.22 an ounce. If revalued to the market price of around $2,900, it could create nearly $900 billion in new equity overnight. Wouldn’t this crash the gold price?
minus-squarefootfaults@lemmygrad.mllinkfedilinkEnglisharrow-up0·edit-29 days agoYes. Although what are they going to do? Sell it? It’s an accounting trick
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkarrow-up0·9 days agoMaybe in the short term, but BRICS countries are starting to accumulate gold as they dedollarize, so I expect the price of gold will keep climbing in the long term.
Wouldn’t this crash the gold price?
Yes. Although what are they going to do? Sell it? It’s an accounting trick
Maybe in the short term, but BRICS countries are starting to accumulate gold as they dedollarize, so I expect the price of gold will keep climbing in the long term.