how serious is scott bessent about revaluing the us gold reserves

US Treasury Secretary Scott Bessent has expressed that he is not serious about revaluing the US gold reserves. He has explicitly stated that revaluing gold is "not what I had in mind" when discussing plans for a sovereign wealth fund. Bessent has also clarified that the government has no plans to revalue its gold reserves at current market prices, which would deliver a one-time windfall of around $750 billion for the government and could reduce the need to issue bonds.

In an interview, Bessent clarified that the comments he made earlier were misinterpreted, and he had no intention of revaluing the gold reserves. He reiterated that the government's focus is on mobilizing other assets, such as energy leases and federally owned land, to form a sovereign wealth fund.

Furthermore, Bessent has denied that revaluing gold is under serious consideration, as he believes that the market has misinterpreted his earlier comments. He has emphasized that the government's priority is to explore other options for enhancing the balance sheet, such as leveraging assets like energy leases and federally owned land.

In conclusion, Scott Bessent is not serious about revaluing the US gold reserves, and the idea is not under serious consideration. His comments and actions indicate that the government's focus is on exploring other options for mobilizing assets and enhancing the balance sheet.