What Price Per Ounce Does The U.S. Treasury Use For Its Gold?
7 Responses
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Created by Crazypennyguy
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Everyone knows that the U.S. Treasury holds a huge amount of gold. Despite assurances that the gold standard is "obsolete," the Treasury has not sold a single ounce in the open market. Perhaps they're hedging their words.
Unusually, the gold is valued by Treasury at a price per ounce that's an "official" price. It's far, far below the real price of the yellow metal.
