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US gold reserves smash $1 trillion mark as precious metal hits fresh highs
The value of America’s gold hoard has topped $1 trillion for the first time as bullion smashes through record highs. Prices surged above $3,824.50 an ounce on Monday, extending a 45% rally this year that has been fueled by safe-haven buying at a time of trade wars, geopolitical turmoil and fears of a government funding crisis. The US Treasury holds the world’s largest stockpile — about 261.5 million ounces — locked away in vaults at Fort Knox, West Point, Denver and the Federal Reserve Bank of New York. At current market prices, that stash is worth more than 90 times the $11 billion figure listed on the ... (full story)
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From zerohedge.com | Sep 29, 2025
On the back of a 45% surge in the price of gold this year, the US Treasury's hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history. That is more than 90 times what's stated on the government's balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of ...
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