New Delhi, March 8 -- The United States could potentially eliminate a massive portion of its budget deficit by changing how it values its gold reserves as the West Asia conflict continues.

A recent report by SBI Research states, "The corresponding revaluation reserves would create a massive jump in assets first, wiping ~70% of US Budget deficit."

While these reserves are currently valued at prices from 1973, updating them to current market rates would provide a significant financial cushion during global instability.

The ongoing conflict in West Asia is causing significant worry for the global economy as it spreads across different regions and markets. The SBI Research report explains, "Should the raging conflict in the Middle East pro...