Musk wants to live broadcast the unboxing of the US gold reserves, with a market value reassessment that could bring 7,500 billion Baht or be invested in a sovereign fund?

Driven by geopolitical and trade tensions, the demand for safe-haven assets continues to increase. Gold has risen for eight consecutive weeks, with Goldman Sachs raising its target price to $3,100. Another recent hot topic is Elon Musk's plan to live stream the unboxing of the US gold reserves. Market speculations suggest that if the gold reserves are unboxed and the price is adjusted from $42 to the market price, it could bring the government a one-time windfall of about $750 billion, reducing the need for issuance of bonds, or even using it as funds for sovereign wealth funds.

Gold prices hit new highs, Goldman Sachs raises target price to $3,100

Driven by geopolitical and trade tensions, the demand for safe-haven assets continues to rise, with gold posting its eighth consecutive week of gains. The gold-backed exchange-traded fund (ETF) (ETF) has seen a rapid increase in holdings. Gold prices have risen by 27% in 2024 and 12% so far this year, repeatedly reaching historic highs. Goldman Sachs has raised its year-end target for gold to $3,100 per ounce, citing central bank purchases as a key driver.

(Gold approaches $3,000, hitting historical highs frequently, and the People's Bank of China resumes gold purchases, supporting the renminbi with continued increases for three consecutive months.

For 50 years without an audit, Musk will live stream the unboxing of US gold reserves?

Another recent hot topic is whether the United States really has so much gold reserves?

About half of the gold stored by the US Department of the Treasury is held in Fort Knox, where 147.3 million ounces of gold are held. However, it has recently been reported that this gold has not been audited publicly for over 50 years. Both Tesla's founder Elon Musk and Kentucky Senator Rand Paul have questioned the existence of the gold reserves and called on the US government to increase transparency to inform the public about the true state of the nation's assets.

)DOGE will audit the US gold reserves? Not audited for 50 years, senators ask Musk to intervene in the investigation(

Is viewing the gold reserves for market revaluation? $750 billion invested in sovereign wealth funds?

Due to issues with the gold reserves, it has also sparked speculation in the market. The current reserve price of gold is set at $42 per ounce in 1973, while the current price of gold has soared to $2,930. If revalued to the current market price, it would bring the government a one-time windfall of about $750 billion, thus reducing the need for issuance of bonds. It could even be used as funds for sovereign wealth funds.

)Trump signs the establishment of a sovereign wealth fund, which can buy TikTok and vaccines for the benefit of the American people(

According to Bloomberg, US Treasury Secretary Scott Bessent has refuted speculation that the government may reassess its gold reserves. When discussing the sovereign wealth fund plan, Bessent stated that reassessing the US gold reserves is 'not something I have in mind.' He also mentioned that these gold reserves are audited annually, and 'all the gold is accounted for and recorded.' He has no plans to visit Fort Knox, but welcomes interested senators to visit.

The President of the United States, Donald Trump )Donald Trump(, also stated that his administration intends to ensure the accuracy of the large reserves held there.

We will open the door. We will inspect Nox Castle. I don't want to open it, there is nothing in the cupboard.

This article, Musk wants to live broadcast the unpacking of the US gold reserves, the market value revaluation will bring 750 billion or can be invested in the sovereign fund? First appeared in Chain News ABMedia.