GmanTerry wrote:
As of April 2016, Fort Knox holdings are 4,582 metric tons (147.3 million oz. troy).[11] At the rate of $1,226.60 an ounce[12] it is worth about $180 billion.
Simple solution: Revalue the dollar at about $138,000/oz. Problem solved as far as funded liabilities goes. Now, if we add in $127 trillion in unfunded liabilities, we come to a gold price of just under $1,000,000/oz. Wow. I could buy a nice house for 1/4 ounce of gold! Of course, that assumes there's actually the gold we're told is in Ft. Knox to start with.....