I agree. No reason for Government to shrink balance sheet when it can print money and incur chronic debt that falls on taxpayor. No incentive to dispose, unless some criminal activity that we are not aware.

Good comeback by Musk, but wont make a difference. These Demos are in a seperate bubble altogether. And digging themselves deeper holes.

They are not qualified, because those jobs would require breaking a sweat.

Howard Stern?

Pussified entitlement.

#reparations

Let's put this "America was built on the backs of slavery" issue to rest. Jamestown was founded in 1608 with white contract labor. It was vanquished in one year, and re supplied with more white labor. Later, Britain adopted the headright system which promised a yeoman or merchant 50 acres of free land for every indentured servant brought over. These indentured servents were promised nothing other than a dream. Indentured servants were contracted with a master for 4 years or 7 years, after which they could be freed. They were treated harshly, whipped and stockaded if they did not obey. Many (maybe most?) did not live out their contracts, since life was cruel. True, there was some black slavery and indian slavery, furnished mainly by the Westo indians or African slave traders who preyed on rival tribes during the first 100 years of the colony, but it was not the prevalent source of the economic tobacco engine. Black slavery did not escalate until circa 1700, when William and Mary relaxed the British regulations on tobacco production, and warehousing came into being calling for quantities of labor. My ancestor was a white indentured servant who came over in 1672, worked out his indenture by 1676 just in time to participate in Bacons Rebellion. Fortunately, he did not go to the gallows, but some of his neighbors did. So my ancestor, I consider a white slave, and I want my reparations!

Commodities are volatile.

I suspect that there is more #gold in reserves than most skeptics think. Why would #FED deplete their reserves when they can run chronic deficits and print money at will? Its not their debt, it is the American people footing the bill. They dont want to reduce the balance sheet at market - because it is all about power and control. Unless, there is some criminality going on.

Nothing has changed over there since the hit-man vanished in his bunker.

No humor in this world. Bring back blazing saddles.

The US Federal Reserve states its holdings of #gold at book value, based upon the exchange in place when it devalued in the 1970's. This is $42 per ounce of #gold.

This is government accounting. Lmao.

###########

how much gold is stated in the federal reserve books

The U.S. government holds approximately **261 million fine troy ounces** of gold, valued at the statutory book price of **$42.2222 per troy ounce**, giving a total book value of just over **$11 billion**[1][2][3]. Most of this gold is stored in locations like Fort Knox, the U.S. Mint facilities, and the Federal Reserve Bank of New York, which acts as a custodian for a portion of the Treasury's gold[2][3]. The Federal Reserve itself does not own gold but holds some in custody for the Treasury[3].

Citations:

[1] Status Report of U.S. Government Gold Reserve - Fiscal.Treasury.gov https://fiscal.treasury.gov/reports-statements/gold-report/

[2] How Much Gold Does The U.S. Government Have? - GSI Exchange https://gsiexchange.com/learn/how-much-gold-does-the-u-s-government-have/

[3] The Fed - Does the Federal Reserve own or hold gold? https://www.federalreserve.gov/faqs/does-the-federal-reserve-own-or-hold-gold.htm

[4] How Much Gold Does The US Government Have? - CountyOffice.org https://www.youtube.com/watch?v=hs5UBuHxzfc

[5] Book Value of Federal Reserve Bank Held Gold Bullion: NY Vault https://fred.stlouisfed.org/series/FRVGBSV

[6] The Fed - U.S. Reserve Assets, January 2025 https://www.federalreserve.gov/data/intlsumm/current.htm

[7] Gold Vault - Federal Reserve Bank of New York https://www.newyorkfed.org/aboutthefed/goldvault.html

[8] Book Value of Federal Reserve Bank Held Gold Coins On Display https://fred.stlouisfed.org/series/FRDGCSV

Could be. Goldfinger has already visited,

I read on here, someone said that US is considering selling #gold to acquire a #BTC reserve.

Assuming the US #gold reserve is 8000 tons, as believed, we are talking peanuts.

$$$$$$$$$

To calculate the value of **8,000 tons of gold** in U.S. dollars:

1. **[1 ton of gold](pplx://action/followup)** is approximately worth **$55,886,360** based on current estimates[3].

2. Multiply this by 8,000 tons:

$$

8,000 \times 55,886,360 = 447,090,880,000

$$

The value of 8,000 tons of gold is approximately **$447.09 billion USD**.

Baltic dry index reflects the same.

I know that everyone is trashing #ETH, but it is in the early stages of a rebound. Just viewing from the perspective of a trader. A lot of Wall Street money tied up in it, ETF's and futures contracts.

A lot of the growth in GDP and employment has ocurred via Federal Government spending and hires the past several years, which is inflationary. If DOGE is effective, it is possible that the USA will experience DEFLATION, not inflationary pressures. #inflation #DOGE #GDP

Send in James Bond

Gee, not surprised.

Bear flag (bull trap). I am holding out for better buy point.

Boom!