The market determines a single price for gold, independent of any governmental influence. However, this price is not reflected in the United States Treasury’s records, which still list the nation’s gold at a value established in the 1970s—significantly lower than its current market worth. This discrepancy between the outdated ledger value and the actual market price was intentionally maintained. The president has called for an accurate accounting of the gold reserves, as a government must first ascertain the quantity of an asset before adjusting its valuation. Once this figure is updated, it could reveal over a trillion dollars on the national balance sheet almost instantly, illustrating the concept of revaluation.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
