Hello, fellow rebel capos.

Hope you are doing well.

Excuse me.

We've got some big news from the Federal Reserve, and Zero Hedge points us out that they might do gold QE.

Gold QE.

Now, I know many of you are probably asking yourself, what on earth is gold QE? But whatever it is,

I don't think I like it. And I would be right there with you. So let's go over to Zero Hedge and

check out what they're talking about. And then think about how the Fed's balance sheet actually works.

I think this is a great article to really get you thinking in terms of, well, maybe they will do this.

And what I'm talking about is a revaluation of gold on their balance sheet.

They could revalue it a lot higher.

We've done a few videos on that.

I know Luke Cromen talks about this all the time.

We've done a few videos on this over the last few weeks. Well, actually last few months or so. But let's get right over to this Zero Hedge article where they talk about the Fed doing gold QE. Okay, gold revaluation imminent. U.S. Treasury hoard tops1 trillion for the first time. So I wanted to do this video

for a couple of reasons. Number one, let's talk about gold QE, obviously. But then also,

I want to talk about the Fed's balance sheet. And that's what I love about the Zero Hodge article,

is they go into that quite extensively.

So on the back of 45% surge in gold price this year, the U.S. Treasury hoard.

So the U.S. Treasury or the U.S. the government, whatever, on the asset side of their balance

sheet, they have a significant, the fact, I think the world's largest gold reserves.

So what's really interesting is they value the gold reserves at a price based on

like their cost basis or something like that.

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