Overview

• With spot gold near $3,830 an ounce, the 261.5 million troy ounces held by the United States are now worth roughly $1 trillion at market value.
• On the government’s balance sheet, the reserves remain valued at about $11.04 billion because accounting still uses the statutory $42.22 per ounce set in 1973.
• A June proposal in Congress, the Gold Reserve Transparency Act of 2025, would direct the Comptroller General to conduct a comprehensive audit of U.S. gold.
• A recent paper by Federal Reserve economist Colin Weiss renewed discussion of marking reserves to market, though reporting indicates officials are not pursuing revaluation now.
• Treasury data show the U.S. holds the world’s largest official stockpile at about 8,133 tonnes, including roughly 147.3 million ounces stored at Fort Knox.