Gold revaluation won't fix the U.S. debt problem

illya.sh

3 pointsiluxonchik1 comment

the gold revaluation gain would cover less than 3% (≈1 trillion USD) of the outstanding national debt

most recently it took ≈9 months for the US government to accumulate $1T in new debt

previously, $1T in new debt was added in ≈100 days