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I share Coxe’s view that a gold revaluation would not solve all the problems of the US. However, I have held the view for some year’s now that once the US got into a nasty situation where its debt was put into play, that assets under the control of the US, from timber to oil to base metals, would have to be called upon and listed in a more formal way to creditors. The revaluation of the gold in Fort Knox would therefore be a way for the US to pledge the asset. It might also be a way to bring some discipline to future government spending. Given the current alternatives, issuing endless quantities of Treasuries and maintaining this impending sense that the USD is set for another huge downward move, gold revaluation starts to look like a decent solution at a difficult time. The lingering questionow would only be: is there actually enough gold in Ft Knox to revalue at the 1000.00/ounce level?