Imagine the US government has a giant piggy bank filled with gold! It's been keeping track of its gold using old prices, making it look like it only has $11 billion worth. But gold prices have gone way up! Now, that gold is actually worth around $765 billion!
Some people think the government should change how it values its gold. This might make the government look richer on paper. But selling that gold to actually get the money could cause big problems.
- The US government has lots of gold, worth much more than it used to be.
- Changing how they value the gold could make the government seem wealthier.
- Selling the gold to get cash could cause the price of gold to drop.
| Item | Amount |
|---|---|
| US Government's gold (ounces) | 261.6 million |
| Old gold value (billions of dollars) | $11 |
| New gold value (billions of dollars) | $765 |
