Dollars in Circulation to Gold Owned by the United States

One gold valuation method is considering the United States dollars in circulation to the gold owned by the United States.

The logic is that the United States, by virtue of being a world superpower, having the world reserve currency, as well as a lot of gold holdings, has a large say in the value of gold.

From the Federal Reserve Economic Data, or FRED, get the United States dollars in circulation ($2,066,480,000,000 at time of writing).

From the Treasury Department, get the gold owned by the United States of America (261,498,926.241 troy oz at time of writing).

Divide the dollars in circulation by the gold owned by the United States to get $2,066,480,000,000 USD / 261,498,926.241 troy oz = $7,902.44 USD / troy oz.

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