Search results
Results From The WOW.Com Content Network
US Gold Reserves data is updated monthly, averaging 11.062 USD bn from Jan 1947 to Jul 2024, with 931 observations. The data reached an all-time high of 24.771 USD bn in Aug 1949 and a record low of 9.662 USD bn in Apr 1972.
Book Value: The Department of the Treasury records U.S. Government owned gold reserve at the values stated in 31 USC § 5116-5117 (statutory rate) which is $42.2222 per Fine Troy Ounce of gold. The market value of the gold reserves based on the London Gold Fixing as of September 30, 2020 was $493.4 billion.
During most of history, a nation's gold reserves were considered its key financial asset and a major prize of war. A typical view was expressed in a secret memorandum by the British Chief of the Imperial General Staff from October 1939, at the beginning of World War II.
Gold Reserves in the United States averaged 8134.83 Tonnes from 2000 until 2024, reaching an all time high of 8149.05 Tonnes in the third quarter of 2001 and a record low of 8133.46 Tonnes in the third quarter of 2005. source: World Gold Council
Most memorably, this occurred in the US in 1933 during the great depression – albeit it’s more accurate to call it a nationalisation than a confiscation, since citizens were compensated. The...
Throughout most of U.S. history, American currency was tied to the value of gold, requiring the country to maintain large gold reserves to be able to support a gold standard. The figure below estimates total U.S. official gold reserves from 1878 to 2018.
U.S. Treasury-Owned Gold provides data on the weight and book value of gold reserves maintained by the U.S. Treasury.
Explore the world's gold reserves by country, compiled from IMF IFS statistics, and read central bank gold reserve reports from the World Gold Council here.
Graph and download economic data for Total Gold Reserves of Federal Reserve Banks for United States (M14062USM027NNBR) from Nov 1914 to May 1949 about gold, reserves, banks, depository institutions, and USA.
By 1950, the U.S. controlled nearly two-thirds of the world’s gold reserves, up from about 40% in 1930. The large U.S. gold stockpile created a world imbalance and prevented other nations from returning to the gold standard under the old parities, the authors noted.