Viewpoint: If the US Treasury Department re evaluates the value of gold, the Federal Reserve will fall into chaos

Odaily Planet Daily News: Wrightson ICAP stated that a reassessment of US gold reserves under debt ceiling restrictions may seem tempting, but it will have a profound impact on the financial system, increase liquidity, and prolong the Fed's balance sheet tightening. The core idea is that the government should revalue gold reserves from $42.22 per ounce (legacy price of the Bretton Woods system) to market prices. Wrightson ICAP economist Lou Crandall said that the possibility of reassessing the Treasury's gold holdings is unlikely, the returns will be minimal, and the public relations response may be chaotic. (Golden Ten) Previously, it was reported that Hong Kong is considering promoting gold tokenization, while the audit of US gold reserves has sparked controversy, and the cryptocurrency community is supporting the value of Bitcoin reserves.