U.S. gold reserves now cover just 3% of federal debt, a historic low.

Odaily Planet Daily reports: The Kobeissi Letter posted on X stating that the ratio of U.S. gold reserves to government debt is at a historical low. Currently, gold reserves account for only 3% of U.S. federal debt, one of the lowest levels on record. Despite holding 8,133.5 metric tons of gold—the largest reserve globally—and with gold prices reaching historic highs, this ratio remains low. By comparison, in 1980, the ratio was approximately 18%, six times the current level. To reach the 1980 reserve level, the gold price would need to rise by 400%, reaching $26,000 per ounce. In the 1940s, gold reserves accounted for over 50% of federal debt. To match the 1940s ratio, the gold price would need to increase by 1,340%, reaching approximately $75,000 per ounce. The data on gold reserves underscores the growth in the scale of U.S. debt.