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What would the price of gold be set to if the FED were to account for all its debt to settle it's books, in accordance with the gold it supposedly holds?

submitted by TheSimulacra to AskUpgoat 3 monthsFeb 16, 2025 23:03:15 ago (+2/-0)     (www.youtube.com)

https://www.youtube.com/watch?v=rLtGWYMdy64

Anyone have an idea? I bet if you were to comment here and guess first, then watch the video, you might be surprised how far off you are. I was off by near a factor of ten.
Consider the video was made half a year ago, and the debt keeps rising, so the estimate is now low.


4 comments block


[ - ] Cantaloupe 0 points 3 monthsFeb 16, 2025 23:54:53 ago (+0/-0)

$32 trillion in debt

Fed has 261 million ounces?

So

Gold would have to be $122k per ounce. To pay off debt.

[ - ] TheSimulacra [op] 0 points 3 monthsFeb 17, 2025 16:14:51 ago (+0/-0)

Yeah that's close enough. My understanding is that the debt is far greater than 32 trillion. Catherine Austin Fitts was reporting at the very minimum 40 trillion dollars stolen from just 2 agencies almost 10 years ago. Now with what else is being exposed, i wouldn't doubt if the true debt was close to 132 trillion or beyond.

[ - ] Trope 0 points 3 monthsFeb 16, 2025 23:07:45 ago (+0/-0)

Why, 10 ounces of silver, of course.

[ - ] SumerBreeze 0 points 3 monthsFeb 17, 2025 00:41:45 ago (+0/-0)

Hey are you trying to rob them of their 5 ounces of copper?