Essential that Doge audit meets the requirement you clearly stated!
maybe in a month we will seean audit report and then a new drawing can be made of Doge dogs with drills and safety glasses and another team melting down some bars! Hopefully Doge will be this detailed
The book value is kept at $42.22 per ounce, set in 1973. If marked to market now, there would be an increase in value 68x greater. At $2900 per ounce, the Treasury then would have $758 billion.
also a lot less than the 19,000 tons or 619 mill. ounces of gold in 1955 and 1.6 bill, ounces of silver. good comment, I would not have looked this up if you had not commented about half an ounce per person. - made me want to look up the past
i guess we parted with a lot of gold before the government shut down the gold exchange window. After seeing flurries of news stories over the years about central banks/ governments adding to their gold reserves, I've looked up the holdings per capita around the world, and we're doing better than most. If some large holder suddenly sold all their u.s. treasuries, having gold and silver reserves would absorb the shock. If I had money to invest in metals long term, I would go with platinum/ palladium which are needed in catalytic converters, which are just recently required on vehicles in developing countries. No strong feelings about gold or silver, either way; fine with me but not exciting.
Will they make sure it’s real gold and not fake bars?
The next question is not whether these are fake bars or bullion, but whether the ownership is singular and not [re-]hypotheticated.
Essential that Doge audit meets the requirement you clearly stated!
maybe in a month we will seean audit report and then a new drawing can be made of Doge dogs with drills and safety glasses and another team melting down some bars! Hopefully Doge will be this detailed
Wow, all that gold adds up to a fraction of a billion dollars. Helps put a billion dollars in perspective.
The book value is kept at $42.22 per ounce, set in 1973. If marked to market now, there would be an increase in value 68x greater. At $2900 per ounce, the Treasury then would have $758 billion.
I agree. I will be interesting over the coming months to participate & watch how things go.
Interesting. Thank you for the information.
Treasury-owned gold vault locations, January 2025 ____ https://fiscaldata.treasury.gov/datasets/status-report-government-gold-reserve/u-s-treasury-owned-gold (select current month, or even 1 yr, 5, 10 yr., all years available data, or even custom range)
Denver 43 mill. troy ounces
Fort Knox 147 mill. troy ounces
West Point 54 mill. troy ounces
Federal Reserve vaults in NYC 13 mill. troy ounces
that's about half an ounce per person. Doesn't sound impressive, but it's more than most countries.
also a lot less than the 19,000 tons or 619 mill. ounces of gold in 1955 and 1.6 bill, ounces of silver. good comment, I would not have looked this up if you had not commented about half an ounce per person. - made me want to look up the past
July 29, 1955
https://www.treasurydirect.gov/ftp/opd/opdm071955.pdf
i guess we parted with a lot of gold before the government shut down the gold exchange window. After seeing flurries of news stories over the years about central banks/ governments adding to their gold reserves, I've looked up the holdings per capita around the world, and we're doing better than most. If some large holder suddenly sold all their u.s. treasuries, having gold and silver reserves would absorb the shock. If I had money to invest in metals long term, I would go with platinum/ palladium which are needed in catalytic converters, which are just recently required on vehicles in developing countries. No strong feelings about gold or silver, either way; fine with me but not exciting.