Gate News: On March 16, the ratio of U.S. gold reserves to federal debt dropped to a historic low. Data shows that current gold reserves account for only 3% of U.S. federal debt, one of the lowest levels on record. Despite the U.S. holding 8,133.5 metric tons of gold, the largest reserve in the world, and gold prices reaching historic highs, the ratio remains low. In comparison, in 1980, the ratio was about 18%, six times higher than now. To reach the 1980 reserve level, gold prices would need to increase by 400%, reaching $26,000 per ounce. In the 1940s, gold reserves accounted for over 50% of federal debt. To match the 1940s ratio, gold prices would need to rise by 1,340%, reaching approximately $75,000 per ounce.
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