#Gold is up more than 40% in the past year, from under $2,400 an ounce to over $3,400. Meanwhile, the national #debt is approaching $37 trillion. That’s helped revive an idea long dismissed as fringe: revaluing the government’s gold reserves to raise cash. It sounds far-fetched. But a new research note from the #FederalReserve suggests it may not be as out there as it seems. On August 1, the Federal Reserve published a research note called “Official Reserve Revaluations: The International Experience.” It outlines how five countries used gains on their official gold holdings to raise funds. It does not propose the U.S. do the same, but it explains the steps involved and what to expect if it happens. Continue reading at the link in our bio. (Photo: Bettmann Archive)