gold revaluation proceeds are not necessarily used to cover sovereign debt
Illya Gerasymchuk
gold revaluation proceeds are not necessarily used to cover sovereign debt
central banks of Italy, Germany, Lebanon, South Africa & Curaçao and Sint Maarten reevaluated gold in the past, with some using the proceeds to finance the government, while others the central bank
gold revaluation will NOT solve the US debt problem
the gain would cover less than 3% (≈1 trillion USD) of the outstanding national debt
most recently it took ≈9 months for the US government to accumulate $1T in new debt
previously, $1T in new debt was added in ≈100 days
