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US Gold Reserves Soar To $1 Trillion As Prices Skyrocket Past $3,830 An Ounce—But Global Share Hits 90-Year Low
The market value of the United States’ vast gold reserves topped $1 trillion mark for the first time on Monday. This comes as the gold price is experiencing a powerful rally, nearing $3,840 per ounce.
The US Treasury’s gold reserves have surpassed $1 trillion in value — more than 90 times what’s stated on the government’s balance sheet — as the precious metal breaks new all-time highs. The world’s ...
According to Otavio Costa, a macro strategist at Crescat Capital, this divergence has pushed global gold holdings (excluding the U.S.) to a 49-year high. He asserts that it is “only a matter of time ...
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