US Gold Reserves Surpass $1 Trillion Amid Record Rally
TL;DR Summary
The US Treasury's gold reserves have surpassed $1 trillion in value due to record-high gold prices, driven by global economic uncertainties and investor demand, although the official accounting value remains much lower. The potential revaluation of reserves could significantly boost the Treasury's funds, but such a move would have broad financial implications. Most gold is stored at Fort Knox, with some conspiracy theories questioning its presence there.
- US Gold Reserves Hit $1 Trillion in Value After Record Rally Bloomberg.com
- Gold rally lifts U.S. reserves to record $1 trillion valuation MSN
- US gold reserves top $1 trillion at market prices; 4,000 tonnes of gold stored at Fort Knox financialexpress.com
- US Gold Reserves Worth Nearly $1 Trillion In Value After Gold Prices Hit Another Record High Stocktwits
- Gold rally lifts U.S. reserves to record $1 trillion valuation (XAUUSD:CUR:Commodity) Seeking Alpha
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