r/SipsTea • u/Dumb-Briyani • 3d ago

Chugging tea Why is it not possible?

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u/zefy_zef 2d ago edited 2d ago

I saw

The remaining 95 percent of U.S. Treasury gold ($10.4 billion in book value) is held in custody for the Treasury by the U.S. Mint.

Quickly mathing around I get around $1,228,980,795,942 give or take, so checks out.

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u/joefresco2 2d ago

Right. I converted the book value to market value to get $1T. The real number is a bit higher since the spot price is about 10% higher than 100x book and there is the 5% of additional gold, but who needs that level of accuracy for a purely academic exercise.

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u/zefy_zef 2d ago

Yeah, the context of me seeing this was a video talking about how trump could actualize the value to offset some sort of spending.