The U.S. Government is sitting on 445 billion in unrealized gains

Discussion in 'Politics' started by OohPooPahDoo, Oct 18, 2012.

  1. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    The U.S. Government is sitting on 445 billion in unrealized gains.

    The Federal Reserve current holds just over 8,000 metric tonnes of gold on its balance sheet. However, for accounting purposes, it only values the gold at $42.22 per troy oz! The actual market value of gold is at $1748 right now!

    The balance sheet value of the gold is 11 billion. But its market value is 456 billion. So the fed has 445 in unrealized gains. All the Fed has to do is re-value its gold to market value and/or sell it off. The profits then get remitted to the treasury along with the rest of the fed profits. BOOM! Nearly half a trillion dollars, instantly!
     
  2. Charles_Main
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    Charles_Main AR15 Owner

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    Clearly you don't know shit. They only Value it at 42, Because it is so much Gold, if they ever went to unload it, it would massively Drive the Price of Gold Down.

    You people simply do not understand economics.
     
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  3. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    To $42.22 for selling off less than 5% of the total world supply? I fucking doubt it.
     
    Last edited: Oct 18, 2012
  4. TakeAStepBack
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    TakeAStepBack Gold Member

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    Well, you're economically inept too, so there is that.
     
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  5. whitehall
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    whitehall Gold Member

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    Yeah, the left wing's answer to everything. Sell off America's treasure (to China?) to make the current administration look good.
     
  6. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    What does that even half to do with how the price would react to the sell off? Do you honestly believe I'm so powerful that my ineptness can have global reprecussions?
     
  7. TakeAStepBack
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    TakeAStepBack Gold Member

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    445 billion on a one time shot that will not sell off at current market value per troy ounce is not worth even discussing. the federal reserves balance sheet also shows it holds a few trillion in monetize debt treasury issuance.

    It's like selling the stove and refrigerator in order to pay the interest on the credit cards once.
    It's a fucking retarded idea.
     
  8. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Do you think a private business or a private individual would sit on a massive pile of gold when they are racking up huge debts?
     
  9. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Doesn't have to be all sold at once. Doesn't even have to be sold at all. Congress just has to allow the Fed to mark up its value. Then the Fed has a surplus on its balance sheet which they must balance by making cash payments to the U.S. Treasury.
     
  10. TakeAStepBack
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    TakeAStepBack Gold Member

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    i think we should sell all the democtrats to the foreign slave wagers for 1 million per head. That should bring in about 150 billion in revenue one time. Or we could have it as a running program.
     
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