Odaily News Wrightson ICAP said that under the debt ceiling, revaluing the US gold reserves may seem tempting, but it will have a profound impact on the financial system, increase liquidity, and prolong the Fed's balance sheet reduction. The core idea is that the government should revalue its gold reserves from $42.22 per ounce (the legacy price of the Bretton Woods system) to market prices. Lou Crandall, an economist at Wrightson ICAP, said that revaluing the Treasury's gold holdings is unlikely, the benefits will be minimal, and the public relations response may be confusing. (Jinshi)
Earlier news said that Hong Kong is considering promoting the tokenization of gold, while the audit of US gold reserves has sparked controversy, and the crypto community supports the value of Bitcoin reserves.