OohPooPahDoo
Gold Member
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!
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!