The latest book value of gold owned by the United States Treasury
tops $11 billion.
The book value is not the market value. The book value represents
the total number of troy ounces held in deep-storage and working-stock
inventories multiplied by the statutorially established value per troy
ounce of gold of $42.2222 set in 1973, not the market spot price,
which currently exceeds $1,100 per troy ounce.
The working-stock inventory can fluctuate based on what is used for
producing coins and the subsequent replacement of that gold removed
According to the Treasury Department's Bureau of the Fiscal
Service, Treasury-owned gold held as bullion, coins, blanks and
other forms totals 261,498,926.23 troy ounces as of the latest
reporting period. The book value is listed at $11,041,059,957.46.
Sixty percent of the total amount of deep-storage gold is stored at
the U.S. Mint's Fort Knox Gold Bullion Depository in Kentucky.
Additional deep-storage gold is held at the West Point Mint and the
According to the Treasury Department, deep storage is "that
portion of the U.S.Government-owned Gold Bullion Reserve which the
Mint secures in sealed vaults that are examined annually by the
Treasury Department's Office of the Inspector General. Deep-Storage
gold comprises the vast majority of the Reserve and consists primarily
of gold bars. (Formerly called 'Bullion Reserve' or 'Custodial Gold
Working stock, according to the Treasury Department, is "that
portion of the U.S. Government-owned Gold Bullion Reserve which the
Mint uses as the raw material for minting Congressionally authorized
coins. Working-Stock gold comprises only about 1 percent of the
Reserve and consists of bars, blanks, unsold coins, and condemned
coins. (Formerly listed as individual coins and blanks or called 'PEF Gold')."
PEF refers to the U.S. Mint's Public Enterprise Fund in which revenue from the
sales of United States coins is deposited to allow the bureau to operate.
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