>>60936702
>>60936690
>What do you think will happen in your scenario if they re value the metals?
There's a lot of misunderstanding about the revaluation of US gold reserves.
In the statutes, there is a law that allows the US Treasury to revalue the gold reserves held by the US government. They can then credit the treasury general account with newly created fiat equal to that valuation. Currently the gold reserves are valued at about $42/oz.
This does NOT directly change the price of gold on the world market, it's just an accounting trick, similar to proposals several years ago about creating a trillion dollar platinum coin.
It's just an accounting trick to allow the US government to do a one time devaluation of the currency. It takes advantage of an existing law that was written decades ago. It would INDIRECTLY effect the price of gold and silver (and other commodities) because of the increase in the money supply.
https://en.wikipedia.org/wiki/Trillion-dollar_coin
Will gold and silver keep going up? A better question to ask is will the government cut spending, run a budget surplus and eventually pay off their debt?
The answer to the second question gives you teh answer to the first.