The truth about the US setting gold prices at $42 an ounce that terrified the markets

In recent hours, a state of "panic" spread due to a circulating image from the US Federal Reserve website, showing that the official price of gold in the United States is only $42.22 per ounce, while it is traded in global markets at around $4800 per ounce.

This sparked widespread controversy on social media platforms, with investors questioning: Is the gold purchased at high prices just an "illusion"? Is its value heading towards collapse?

At Fifreedomtoday, we ensure you understand the "game" through numbers, and here is the truth in three points:

First: This is a "book" price, not a selling price

The amount of $42 is a fixed price established under an old law dating back to 1973, used by the US government solely for internal accounting purposes among official entities, and has no relation to the actual market price of gold on exchanges or global markets.

This can be likened to recording a piece of land purchased 50 years ago at its old price in the books, even though its current market value is estimated in the millions.

Second: Gold is gold

According to the US Federal Reserve website, this price is fixed and not affected by global market fluctuations. The difference is clearly shown through the following figures:

*The United States holds the largest gold reserve in the world, exceeding 8,000 tons.

*In old government records: its value is estimated at about $11 billion.

*In today's actual market: its value exceeds $1.23 trillion.

This confirms that the true value of gold is determined by supply and demand in the global market, not by a number written in government documents.

Third: The "debt repayment" trick

The spread of the news about gold being priced at $42 an ounce was accompanied by a theory suggesting that the United States suddenly raised the gold price to settle its debts and deceive the world, but this claim is incorrect.

US debt exceeds $38 trillion, which means that even if it sells all its gold reserves at the current price, it would cover only about 3% of the total debt. Therefore, gold alone cannot solve the US debt crisis.

*Alt text: The US Federal Reserve website displaying the gold price*

Furthermore, the official price of $42.22 per ounce is a historical accounting figure, not an actual market price, which is why the real trading value of gold remains high and unaffected by this number.

In conclusion, the claim that the US has artificially set the gold price at $42 to manipulate markets or cover debts is false. The real value of gold is determined by global supply and demand, and the official fixed price is merely a historical accounting figure used for internal purposes.

**Summary:**

- The $42 price is a legal, fixed, and internal accounting figure, not the market price.
- The actual market value of gold is over $4,800 per ounce.
- The US's gold reserves and the current market value are vastly different, and gold cannot be used alone to cover national debt.

Stay informed and skeptical of misleading claims.