Gold prices hit new high! US reserves cross $1tn in value; over 90 times fixed value
The US Treasury's gold reserves now exceed $1 trillion at market prices, vastly surpassing their official $11 billion valuation. Record gold prices, driven by market volatility, have created this potential $990 billion windfall, which could address half the budget deficit. However, revaluing these reserves is not being seriously considered due to financial system concerns.
The US Treasury's gold reserves now exceed $1 trillion at market prices, vastly surpassing their official $11 billion valuation. Record gold prices, driven by market volatility, have created this potential $990 billion windfall, which could address half the budget deficit. However, revaluing these reserves is not being seriously considered due to financial system concerns.
