As the recent RBI documentary notes, “Countries will rise and fall. Economies will have ups and downs. But gold will always maintain its value."
Strangely, that's not exactly the case with the US Treasury.
The world's largest economy holds the world's largest gold reserves and on last count, they crossed an estimated $1 trillion in value. Yet, America's most prized physical asset is unbelievably undervalued on official ledgers at just $11 billion.
Even though the price of gold is witnessing remarkable appreciation, shooting up 54% so far this year to cross $4,000 per ounce, the US' official value remains fixed at the 1973 Congressional price of $42.22 per ounce, a figure established through the Par Value Modification Act of 1973.
In other words, there's a significant disparity between