Nations with significant debt are considering leveraging "paper profits" from their gold reserves 💰, according to a Fed report highlighting discussions in the US and Belgium.
Nations with significant debt are considering leveraging "paper profits" from their gold reserves 💰, according to a Fed report highlighting discussions in the US and Belgium.
This unusual accounting strategy allows access to cash without actually selling any gold. 📈
• In the last three decades, only five countries have utilized this approach. • It could enable the US to unlock approximately 3% of its GDP through revaluation.
• It offers temporary financial relief but doesn't resolve underlying debt issues.