03/18/2010 05:12 am ET | Updated May 25, 2011

US Treasury's Gold Valued: US Gold Reserves Total $288 Billion, But Not Really

Buried in the Treasury's International Reserve Position report is an intriguing bit of math. The document details the total amount, by weight, of the Treasury's gold reserves, plus a dollar value for said metal. But some fast division reveals something interesting: The Treasury marks the value of its gold at $42 an ounce, the price settled on in 1973...

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