“This MF’er don’t miss…” - Jim Rickards to Jim Rickards watching Gold soar after his 50 billion “Buy Gold” predictions… 

Today’s stock market price action is absolutely trash… but do you know what’s NOT trash right now? Gold as it just ripped past $3,800 an ounce and the U.S. Treasury’s hoard is now worth more than $1 trillion for the first time ever. That’s “one followed by twelve zeroes” sitting in Fort Knox collecting dust… and also about 90x higher than what the government still lists on its balance sheet like it’s 1973.

(Source: Giphy) 

Why is this a BFD? Because recently, the speculation machine is spinning on whether Treasury Secretary Bessent will just say “f*ck it” and revalue the stash. If he does, it’s basically $990 billion in “found money” for Uncle Sam. No new bonds, no new taxes… just wave the wand, mark gold to market, and boom: deficit covered for a year and a half. Translation: It’s QE without the foreplay.

(Source: Zerohedge) 

Now with that said, this isn’t totally unprecedented. Germany, Italy, South Africa… they’ve all re-marked gold reserves in the past. The difference here is that America actually owns its gold outright (not the Fed), so the accounting gymnastics would make it look like the Treasury just conjured $1 trillion out of thin air and handed it to itself. Which… it kind of would be. By doing this, the Fed would end up with “assets” in the form of gold certificates, the Treasury would end up with a fat new cash balance, and Wall Street would pretend this isn’t a horrible rendition of Modern Market Theory. For instance, BofA’s plumbing guys already warned this looks like easing in drag… with fiscal and monetary independence officially out the window. But then again, fiscal discipline died somewhere between the ‘08 crisis, the second stimulus check, and Trump’s 25% tariffs, so who cares.

Additionally, no one can deny that gold has been on an absolute heater… up 45% this year, +12% in September alone, its best month since Obama was still pretending to care about deficits. Silver’s ripping too (+18% this month), and the SPDR Gold Trust just hit a three-year high in holdings. Everyone’s treating God's money like it’s the only safe space left in a market that’s one government shutdown away from total chaos. 

(Source: Giphy) 

Meaning, for investors, if Bessent greenlights a revaluation, gold isn’t just breaking $4,000… it’s going orbital. Bitcoin will probably catch a sympathy bid because why not, and every doomsday newsletter guy who’s been screaming “BUY GOLD” since Y2K finally gets to spike the football. (See: Jim Rickards). But alas, the big headline here is that the government is literally sitting on a trillion-dollar gold mine, while not valuing it as such. If they decide to re-mark, it’s free money, it’s fiscal crack, and it’s going to light up gold like a meth lab. And if they don’t? The market’s going to keep pricing it in any way, because FOMO, of course. So with that, place your bets accordingly, friends. Until next time… 

At the time of publishing, Stocks.News does not hold positions in companies mentioned in the article.