The U.S. Treasury (plus the Fed) holds a lot of gold. I was curious about this, so I looked into it… so you don’t have to. How Much is a Lot? The U.S. Treasury currently holds 261 million Fine Troy Ounces of Gold (261,498,926 to be exact). The book value for this gold is recorded as $11 billion. If you’re not familiar with accounting, book value is NOT market value. Dividing $11 billion by the...
March 3, 2023
Gold. Lots of Gold.
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