Revaluing gold from $42/oz to current market prices ($3,000+) is an accounting trick that does not produce real resources (doctors, hospital beds, food for seniors); it is merely a balance sheet adjustment that does not solve the underlying resource constraint problem.

normativepending

Speaker

Joe Weisenthal

Evidence Quote

“That doesn't produce more doctors. It doesn't produce more beds for hospitals. It doesn't produce more food for senior citizens”

Source

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord' | Odd Lots— Bloomberg Podcasts
Created: 8/11/2026, 7:46:27 AM

My Notes

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