Must Read: BOA Breaks Down Gold's Re-Marking
Re-marking gold: an impactful but low probability risk
Housekeeping: Good Morning.
BOA Discusses a potential Gold Reset in context of Scott Bessent’s statements surrounding President Trump’s Sovereign Wealth Fund Executive Order. Includes their estimations of US holdings in gold and silver.
Clients are most focused on the possibility of re-marking gold to monetize US assets. It is unclear if the Treasury Secretary can unilaterally re-mark gold. Below is what we know.