The Treasury Is Sitting On A $750 Billion Gold Hoard–Officially Valued At $11 Billion

Revaluing Fort Knox's gold to fund a strategic bitcoin reserve or pay down the national debt is no longer unthinkable.Bettmann ArchiveGold is up more than 40% in the past year, from under $2,400 an ounce to over $3,400. Meanwhile, the national debt is approaching $37 trillion.That’s helped revive an idea long dismissed as fringe: revaluing the government’s gold reserves to raise cash. It sounds far-fetched. But a new research note from the Federal Reserve suggests it may not be as out there as it seems.On A ...