Now take those 261.5 million ounces of gold. At today’s market price of roughly $4,350, the total US gold reserve is worth about $1.14 trillion. That sounds like a big number until you realize the government burns through that in about two months of spending.
To fully back the $22.8 trillion M2 money supply with gold, you’d need gold at roughly $87,200 per ounce. To back the total federal debt? $150,000 per ounce.
These numbers are insane right? But believe me… they’re not.
