America Values Its Gold at $42 an Ounce. By Law.

America carries its gold on the books at $42.22 per fine troy ounce. The market price is over $4,100. That is not a typo, it is the law. The dollar's link to gold broke in 1971, and two years later Congress fixed the official book price. It has never been changed since. So 8,133 tonnes of gold at Fort Knox, West Point and Denver are officially worth about $11 billion. At market prices, over $1 trillion. And per the US Mint, no one person knows all the procedures to open the Fort Knox vault. Follow Money Maps for the stories behind the world's money. #FortKnox #gold #USA #economics #treasury #money #history #MoneyMaps #shorts