Revaluing Fort Knox gold from its official book value of $422 per ounce to current market prices would be merely an accounting transaction and would not be bearish for gold unless it were coupled with an actual sale.
causalpending
Speaker
John ReedEvidence Quote
“That's an accounting transaction... And you don't have to revalue gold in order to sell it. And just because you do revalue it doesn't mean you're going to sell it.”
Source
Europe Is Cracking – Gold Demand Explodes, What Comes After the Crash? | John Reade— Soar FinanciallyCreated: 8/11/2026, 6:47:47 AM
My Notes
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