Gold could literally double overnight, especially if President Donald Trump uses it as a secret weapon in his ongoing battle against the Federal Reserve.

In my recent three-part series published for Newsmax Finance in November, I focused on the Federal Reserve, their policies, and the massive impact this one “independent” institution has on risk the assets of the world. In short, the Fed controls the dollar, the dollar is the world’s trading currency, and by virtue - the Fed controls the world. A stronger dollar hurts the world’s growth prospects. It also hurts Trump’s growth initiative.

We have witnessed this first hand as the Fed raised rates in Q4 and tightened monetary policy through their balance sheet runoff. Global markets seized and U.S. equity markets dropped 15%. What the Fed kept at 0% for eight years under President Barack Obama, they have raised six times under Trump. The federal-funds rate now stands close to 2.4%. This one action has killed the Trump growth agenda.

Trump has been vocal about it all and has stepped up his attacks on Jerome Powell. He’s called him “crazy,” “his greatest threat,” and in a recent tweet said: “Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0% GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!"

Never before in history have we had a president so openly critical of the Fed. The Wall Street Journal reported last week that Trump personally phoned Fed Chairman Powell on three separate occasions in March to complain that his interest rate hikes and balance sheet run-off have hurt the growth he’s been trying to achieve. He’s said hiring Powell “was one of the worst decisions I have ever made,” and told Powell directly, “I guess I am stuck with you.”

This open and ramped up aggression toward the Fed has come in coordination with three other key events in the last week. The first is the nomination of “loose money” Stephen Moore for Fed Governor. Moore, who wrote a book called “Trumponomics,” is very close to the president and has called for an immediate 50-basis point reduction in interest rates.

The second is that Larry Kudlow, economic adviser to the president, is also calling for the exact same 50 basis point cut. Finally there is the proposed nomination of Herman Cain to the remaining open Fed seat. Cain is huge proponent of going back to the gold standard.

Taken individually these moves are interesting. When taken together they scream of a planned attack. I’ve spent years studying the Federal Reserve. Much of my book “Gold Is a Better Way” focuses on Fed officials and their policies and the upcoming devaluation of the U.S. dollar. It explains why the U.S. dollar is set for a massive devaluation over the next decade. This first step by Trump to diminish the Fed is the beginning of devaluation.

What Trump and team are openly doing is unprecedented, and is meant to damage the credibility of the Fed. Remember, every dollar has three words on its face: Federal Reserve Note. When Trump and team aggressively go after and weaken the Fed, they are effectively trying to go after and weakening the U.S. dollar. As the Fed is publicly challenged, then changes course, then folds, the institution is then damaged. The result means a much weaker dollar.

The more I have studied this recent progression, the more convinced I am that Trump and company are exacting a deeper plan that is working. They’ve gotten Powell to pivot. Now he’s “remaining patient.” The next step is to get him to fold. I believe this will mean a “controlled devaluation” of the dollar, and will mean a much higher gold price overnight.

Where this gets really interesting is that Trump could effectively use gold to devalue the dollar and make gold double overnight through one simple executive action. He could instruct Treasury Secretary Steve Mnuchin to change the way gold is valued on the books.

Currently gold is valued at $42 per ounce, which was the price of gold in 1971 when President Richard Nixon closed the gold window. By directing Mnuchin to “mark gold to the market price,” Trump would cause the Fed’s balance to strengthen by $350 billion. As a result, gold could immediately soar.

Nixon accomplished this through simple executive action and outside of Congress or any agreement from the “independent” Fed. Trump could literally do the same. I unveil this secret in my just released 22-minute documentary, “How Trump Can Trump the Fed.”

Trump understands a weaker U.S. dollar is the key to unleashing the U.S. economy. So far the plan has worked. The next step is a re-pricing of gold on the Fed’s balance sheet that could cause the price of gold around the world to double overnight.

Adam Baratta is the author of the national best-selling book "Gold Is A Better Way." He is one of the leading voices in the field of investments and precious metals today. Adam is the co-owner of Advantage Gold, the highest rated precious metal firms in the country, and the creator of an educational member site. To receive a free copy of his book, go to: https://goldisabetterway.com/