by Stuart Englert
GoldSeek
Recent anomalies in the gold market, including London delivery delays, repeated record highs and unusually large bullion shipments to U.S. vaults, have precious metal analysts speculating about an official revaluation of the gold price.
If “deep storage gold” on the U.S. Treasury’s balance sheet were increased from its present $42.22 an ounce to improve the nation’s fiscal position or borrowing capacity, the move would constitute a devaluation of fiat dollars—technically Federal Reserve Notes—against gold.
Gold revaluation isn’t out of the question. It’s happened before.
It could happen again despite what Treasury Secretary Scott Bessent did or didn’t imply earlier this month by suggesting the Trump administration is “going to monetize the asset side of the U.S. balance sheet for the American people.”
Gold revaluations and dollar devaluations have occurred several times in U.S. history.