America’s Gold Reserve is valued at $42.22 per once!

America’s Gold Reserves: $42.22 vs. $3,700+ Per Ounce

The United States holds one of the largest official gold reserves in the world—about 8,133 metric tons, stored mainly at Fort Knox, West Point, and Denver. That’s more than 260 million troy ounces of gold.

But here’s the surprising part: the U.S. government does not officially “value” its gold reserves at today’s soaring market price. Instead, by law, the Treasury assigns each ounce a statutory book value of $42.2222 per fine troy ounce—a number locked in back in 1973. This is purely for accounting purposes and bears little resemblance to the actual market.

Compare that with reality: the current spot price of gold is hovering around $3,700–$3,800 per ounce. That means the real market value of America’s gold holdings is in the trillions of dollars, while the official books dramatically understate it.

This gap highlights the difference between legal definitions and economic realities. The statutory figure serves a technical purpose for government ledgers, but the true market price reflects gold’s global role as a hedge against inflation, uncertainty, and government debt.

So when the United States says an ounce of gold is worth $42.22, it’s really just paper accounting. On the open market, however, an ounce of gold could buy you a month’s rent, not a tank of gas.

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