What a Gold Revaluation Could Mean for the U.S. and the Dollar

25.06.06

The U.S. government officially owns over 8,100 tonnes of gold—the largest gold reserve in the world. But surprisingly, it still values this gold at an outdated price of $42 per ounce, a number set back in the 1970s. This undervalues its gold holdings on paper at just $11 billion, while…

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