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A return to the gold standard in the near future Soon? A new global monetary system?
On May 1, the Federal Reserve published a financial accounting manual for regional banks in the Fed System On page 7, the very first line refers to the Gold Certificate Account:
The Secretary of the Treasury is authorized to issue gold certificates to reserve banks in order to monetize gold held by the U.S. Department of the Treasury. At any time, the Treasury may redeem these gold certificates by demonetizing the gold. The Treasury maintains an account with the Board of Governors entitled "Gold Certificate Fund – Federal Reserve Board." When monetizing gold, the Treasury credits this account in exchange for a deposit credit with the Federal Reserve Bank of New York (FRBNY). In the event of demonetization, the Treasury reduces the balance of this account and authorizes the FRBNY to debit its deposit account. In each case, the offsetting entry is recorded in the FRBNY's books, both in the gold certificate account and in the U.S. Treasury's general account. The FRBNY accounting department sends a notice of these entries to the Board of Governors. In addition, whenever the official gold price is changed, the Treasury adjusts the account and, simultaneously, the deposit account.
In the Federal Reserve's books, an ounce of gold is still valued at $42.22. However, this value could be revalued with a simple accounting entry, aligning it with the current price of gold in London, on the COMEX, or even with a value arbitrarily set by the President of the United States, as permitted by the Gold Reserve Act of January 30, 1934. At the time, President Franklin D. Roosevelt used this power to raise the legal price of gold from $20.67 to $35 per ounce, immediately after the law was passed. Such an accounting adjustment would instantly revalue the U.S. Treasury's gold reserves, thereby helping to partially rebalance the federal debt. Today, the 260 million ounces of gold supposedly held by the US Treasury are valued at only $11 billion. If they were revalued at the current price of gold, their value would reach approximately $936 billion—which is still modest compared to the $37 trillion in debt. Some analysts go further and envisage a revaluation of gold in the Fed's accounts to at least $20,000 per ounce. On August 1, 2025, an article by Colin Weiss, senior economist at the Federal Reserve Board of Governors, was published on the Fed's official website. In it, he analyzes historical precedents for revaluing official gold reserves.
The future book value of gold in the U.S. Treasury's accounts should, in theory, remain as symbolic and virtual as the current $42.22. However, this is highly unlikely to be the case. One way or another, the markets could be forced to align themselves with the price decreed by the President, triggering the "Reset" mentioned by Christine Lagarde in Davos in 2014. That same year, on December 23, 2014, a new rule for trading precious metals, Rule 589, was introduced. In a market where demand exceeds supply (where there are only buyers and no sellers), the price of gold can rise by up to $400 per day, and the price of silver by up to $12. In the absence of agreement between banks on the selling price, after about ten minutes, the market is closed without fixing until the next day. Without official fixing, no transactions can take place—neither buying nor selling. If President Trump were to activate the Gold Reserve Act, a global revaluation of the price of gold would benefit all nations that are heavily indebted but hold significant gold reserves. However, for several weeks now, we have been witnessing an acute bond crisis, not only in the United States, but also in Japan, England, and France. Everything suggests that the global monetary and financial system is on the verge of imploding.
A concerted currency devaluation This rise in the price of gold would, in reality, be the result of a concerted monetary devaluation of all fiat currencies, carried out simultaneously. If we accept this scenario as fact, a major question arises: what could the consequences be for the population as a whole?
Will this lead to a widespread increase in raw material prices, followed, after a few months, by a sharp erosion in citizens' purchasing power? In this context, should we fear the emergence of serious social unrest? Will the stock markets concerned experience the "Caracas Syndrome" — a surge in share prices in response to currency devaluation — or, on the contrary, will they collapse under the combined effect of falling consumption and worsening economic recession? The BRICS+ Since at least 2009, the BRICS countries have been actively preparing themselves so as not to be dragged into the chaos of a possible collapse of the G7 monetary system.
By developing their own alternatives to SWIFT, allowing banks to bypass the dollar system, creating their New Development Bank to replace the World Bank, gradually reducing their exposure to US debt, and investing heavily in gold and precious metals, the BRICS countries have put in place a series of firewalls to protect themselves from future systemic shocks. As early as August 2009, China began encouraging its population to invest in gold and silver, gradually changing the rules of the Shanghai Gold Exchange (SGE) and those of banks to facilitate access to precious metals for as many people as possible.
As part of a revaluation of gold, Chinese citizens could well be among the big winners. The SGE also appears to have become a key player in the global gold market. On Tuesday, September 2, the Shanghai Gold Exchange pushed prices up, and London and New York aligned themselves with the price set in Shanghai—a historic first. Has China not been preparing for a return to the gold standard for several years now?