- maneco64 Published on Apr 19, 2018
In this report I cover the early market action from London on Thursday, April 19th, 2018. I look at the precious metals, the stock market and the dollar. I also look at how the U.S. government reset the value of its gold holdings in 1934 via the Gold reserve Act and how in 1980 the U.S. government allowed the market to reset the value of gold. Interestingly I found that both times the price of gold went to levels where the U.S. gold reserves equated to around 26% of the U.S. national debt. Translating those factors to the present day by taking a snapshot of the national debt and gold holdings I arrive at a price of $21’000.