This past weekend, while addressing the CPAC conference, President Donald Trump announced that he would authorize an audit of America’s gold holdings.

The Federal Reserve Board (the Fed) are custodians of the gold holdings of the U.S. government’s treasury.

In 2021, the Fed “claimed” that it held (“held,” not “owned”!) a total of 8,133.5 metric tons of gold, or some 147.3 million fine troy ounces, the universal standard measurements of physical gold traded, mainly in the world’s central bullion market in London.

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