GOLD 0.51% $1,391.7 gold futures

Dodgy Fed Accounting, page-4

  1. 2,990 Posts.
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    I think this has I've mentioned this to you on another subject a couple of years ago. After Nixon's withdrawal annx, gold was revalued to $42/oz. It has stayed at that price since. From the 20+kt at the time of Bretton Woods, US's gold reserves fell to 8+kt when they stopped defending the US$.

    The reserves and price have remained constant since. You can work out what 8kt @ $42/oz is.

    I go one step further in only half jest. They amount of gold (after subtracting loans/leasing) held at today's POG price is probably less than $11B anyway.
 
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