skol the reason that the gold held by the us govt is such a low valuation is due to the fact that it is priced at around $42 an ounce, if it was marked to market price it's value would be in the trillions if the us govt partially backed their dollar with gold to instil some confidence in the dollar in the event of a dollar crisis the effect would be in many 10's of trillions of dollars, which is probably why gold is held as a "tradition"