TechFlow news, on February 20, according to Jinshi News, U.S. Treasury Secretary Bessent, when discussing the revaluation of gold reserves, said, "When it comes to sovereign wealth funds, I've said 'monetizing the balance sheet' is absolutely not something I want." When pressed on whether this issue would be discussed, he repeated, "It's not something I want."
Gold reserves are currently priced at $42.22 per ounce, a traditional official price set decades ago. Revaluing these assets based on current market prices could increase their reported value from $11 billion to approximately $750 billion. He stated there are no plans to visit Fort Knox in Tennessee—the location of most of the United States' gold reserves—but assured that "all the gold is there," and welcomed any senator to come and visit.
