The US currently marks its gold reserves (Fort Knox) at $42 per ounce when the spot price is north of $3,000, meaning the US is carrying $900 billion of gold at an artificially depressed book value, or roughly 2.5% of the $36 trillion debt.

factualpending

Speaker

Jim Milstein

Evidence Quote

at $42 an ounce when the price of gold is, you know, north of 3,000. If you remarked the tons of gold at Fort Knox uh that we own to market, it's probably 8900 billion dollars

Source

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord' | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:46:27 AM

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