As gold experiences a remarkable rally with over 40% gains in the past 12 months, outpacing the S&P 500’s performance by double, a controversial proposal has emerged regarding America’s gold reserves.
The suggestion to adjust the bookkeeping valuation of these reserves could theoretically add $750 billion to the U.S. Treasury overnight. However, at least one expert is sounding the alarm, warning that attempting to capitalize on this potential windfall could trigger an “Armageddon” event in the markets.
The strong performance of gold reflects growing investor concerns about fiat currency stability and potential economic instability.