Utopia Talk - Politics - US gold reserves may be liquidated

Welcome to the Utopia Forums! Register a new account
The current time is Thu Apr 03 16:15:52 2025

Utopia Talk / Politics / US gold reserves may be liquidated

Rugian
Member Mon Mar 31 18:07:49
White House Says Gold Reserves May Be Used to Purchase Bitcoin

A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC).

Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested in an interview that the U.S. could capitalize on the gains from its gold holdings to purchase more Bitcoin.

This move, according to Hines, could be a budget-neutral way to increase the country’s Bitcoin reserves.

Hines referenced the Bitcoin Act of 2025, proposed by Sen. Cynthia Lummis (R-Wyo.), which advocates for the US to acquire 1 million Bitcoin, approximately 5% of the total Bitcoin supply, over a span of five years. This acquisition would be funded through the sale of Federal Reserve gold certificates.

"If we actually realize the gains on the U.S. gold holdings, that would be a budget-neutral way to acquire more bitcoin," Hines said adding that there's been "countless ideas" and the “best ideas" will be enacted by President Donald Trump.

http://fin...s-gold-reserves-213421472.html

tumbleweed
the wanderer Mon Mar 31 18:20:43
fantastic idea

though i hear Trump's 'coin' is the best

murder
Member Mon Mar 31 18:34:09

Fraud out in the open. GO MAGA!

Rugian
Member Mon Mar 31 18:48:48
Fortunately though, we have a large stash of gold from Germany that can be used to accomplish this task.

murder
Member Mon Mar 31 18:51:36

Now you're thinking like Trump!

obaminated
Member Mon Mar 31 19:07:30
You realize that the US reserves hasn't been audited, like ever? So we really have no idea how much gold we have.

tumbleweed
the wanderer Mon Mar 31 21:22:38
what liar told you that? another Musk/Trump whopper?

do you ever think 'that can't be true' when you hear constant ridiculous lies?

obaminated
Member Tue Apr 01 08:07:32
This had nothing to do with trump. It's a reality. The reserve is audited by an independent board but it's never made public.

Not everything has to do with trump, tw.

Average Ameriacn
Member Tue Apr 01 08:37:13
Can I exchange the Trump meme coin for a Trump gold coin?

Rugian
Member Tue Apr 01 11:47:04
If it has the big man's name on it, then yes.

Rugian
Member Tue Apr 01 11:48:59
In all seriousness, this could be the greatest rug pull in all of history.

- Pump BTC up to 6 figures

- Buy gold deposits with inflated BTC assets

- Dump BTC and watch it crash

- Redeem gold certificates

- ????

- $PROFIT

jergul
large member Tue Apr 01 12:51:17
Its a money printing gig. Federal Reserve gold certificates are just currency that is redeemable in gold until the government decides they are redeemable at face value in FIAT currency (as the historical record shows).

If you want gold, then just buy gold.

show deleted posts

Rugian Member	Mon Mar 31 18:07:49 White House Says Gold Reserves May Be Used to Purchase Bitcoin A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested in an interview that the U.S. could capitalize on the gains from its gold holdings to purchase more Bitcoin. This move, according to Hines, could be a budget-neutral way to increase the country’s Bitcoin reserves. Hines referenced the Bitcoin Act of 2025, proposed by Sen. Cynthia Lummis (R-Wyo.), which advocates for the US to acquire 1 million Bitcoin, approximately 5% of the total Bitcoin supply, over a span of five years. This acquisition would be funded through the sale of Federal Reserve gold certificates. "If we actually realize the gains on the U.S. gold holdings, that would be a budget-neutral way to acquire more bitcoin," Hines said adding that there's been "countless ideas" and the “best ideas" will be enacted by President Donald Trump. http://fin...s-gold-reserves-213421472.html
tumbleweed the wanderer	Mon Mar 31 18:20:43 fantastic idea though i hear Trump's 'coin' is the best
murder Member	Mon Mar 31 18:34:09 Fraud out in the open. GO MAGA!
Rugian Member	Mon Mar 31 18:48:48 Fortunately though, we have a large stash of gold from Germany that can be used to accomplish this task.
murder Member	Mon Mar 31 18:51:36 Now you're thinking like Trump!
obaminated Member	Mon Mar 31 19:07:30 You realize that the US reserves hasn't been audited, like ever? So we really have no idea how much gold we have.
tumbleweed the wanderer	Mon Mar 31 21:22:38 what liar told you that? another Musk/Trump whopper? do you ever think 'that can't be true' when you hear constant ridiculous lies?
obaminated Member	Tue Apr 01 08:07:32 This had nothing to do with trump. It's a reality. The reserve is audited by an independent board but it's never made public. Not everything has to do with trump, tw.
Average Ameriacn Member	Tue Apr 01 08:37:13 Can I exchange the Trump meme coin for a Trump gold coin?
Rugian Member	Tue Apr 01 11:47:04 If it has the big man's name on it, then yes.
Rugian Member	Tue Apr 01 11:48:59 In all seriousness, this could be the greatest rug pull in all of history. - Pump BTC up to 6 figures - Buy gold deposits with inflated BTC assets - Dump BTC and watch it crash - Redeem gold certificates - ???? - $PROFIT
jergul large member	Tue Apr 01 12:51:17 Its a money printing gig. Federal Reserve gold certificates are just currency that is redeemable in gold until the government decides they are redeemable at face value in FIAT currency (as the historical record shows). If you want gold, then just buy gold.
	show deleted posts

Your Name:
Your Password:
Your Message: