The U.S. has the world’s largest gold reserves—worth $1 trillion at market rates. But repricing that hoard ‘would backfire in a big way,’ analyst says

With the federal budget deficit at $2 trillion and debt-interest costs topping $1 trillion a year, it may be tempting to look for extra cash under the sofa cushions. Urgency has grown in recent months as Treasury yields have soared to the highest levels in more than 20 years, putting more pressure on interest expenses. The Treasury Department has tried some unconventional measures recently to take the heat off yields, including buybacks of more long-dated debt and its intervention to prop up the yen that let Japan avoid selling its Treasuries.

Source: Fortune Crypto