United States All Sectors Debt to Above Ground Gold

Consider the United States all sectors debt to above ground gold ratio, and the idea of gold "covering" this debt.

The Federal Reserve Economic Data (FRED) has the all sectors debt time series here. As of writing, the all sectors debt is $81,829,202,000,000.

The site Gold.org has an estimate of the above ground gold here. The above ground gold is what it sounds like, the amount of gold that has been mined. It is the sum of the gold in jewelry, private investment, official holdings, and an Other category. The estimate of the total above ground gold is 201,296.10 tonnes, or 6,471,810,522 troy oz.

Therefore, an estimate of the valuation for gold is $81,829,202,000,000 / 6,471,810,522 troy oz = $12,643.94 / troy oz.

This valuation assumes that the United States has a major say in the value of gold, and that the below ground gold will not be mined.

Disclaimer: We do not provide personal investment advice and we are not qualified licensed investment advisors. We are amateur investors. All information found here, including any ideas, opinions, views, valuations, predictions, forecasts, commentaries, suggestions, expressed or implied herein, for gold and silver or for anything else, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. We will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.