🚨The U.S. is sitting on nearly $1 TRILLION worth of hidden liquidity that could be unlocked without QE. If that happens, risk assets will explode. Let me explain how👇 The US Treasury owns about 261.5 million ounces of gold. But on official books, that gold is still valued at $42.22 per ounce, a price set in 1973. On paper, this makes US gold reserves look worth only $11 billion. In reality, gold is trading near $4,500 per ounce today. At current market prices, the same gold is worth over $1.17 trillion. That is a hidden gap of more than $1 trillion sitting quietly on the US balance sheet. This is basic math. Why does this exist? When the US left the gold standard in the early 1970s, the official gold price was frozen. Congress never updated it. Most other countries value gold at market price. The US does not. That means the US is holding a massive unrealized gain that does not show up in headlines. Why does this matter now? US debt is over $37 trillion. Interest costs are exploding. Deficits are structural, not temporary. ...