Gold is likely going to around $4200/oz, and then may get revalued to around $8800/oz by US gov't after Fort Knox/Fed audit is done. USG must buy gold and lots of it ASAP so they don't screw themselves with a revalue THEN purchase attempt. Gold price moves indicate lots is being bought up by Central Banks and US banks because they may now know approximately WHEN the revalue is going to happen (note July 1, 2025 was Basel III rule change). USG has its gold reserves on the books at $42+/ounce. A total USG gold holdings target of around $1T would be meaningful in terms of collateralization and management of the US economy, imo.
Gold is likely going to around $4200/oz, and then may get revalued to around $8800/oz by US gov't after Fort Knox/Fed audit is done. USG must buy gold and lots of it ASAP so they don't screw themselves with a revalue THEN purchase attempt. Gold price moves indicate lots is being bought up by Central Banks and US banks because they may now know approximately WHEN the revalue is going to happen (note July 1, 2025 was Basel III rule change). USG has its gold reserves on the books at $42+/ounce. A total USG gold holdings target of around $1T would be meaningful in terms of collateralization and management of the US economy, imo.