Only 17% of Fort Knox Gold Meets Modern Purity for International Settlements

A staggering 83% of the gold bars stored at Fort Knox fail to meet modern international purity standards, rendering much of the US’s reported 8,133.5 metric tons of gold reserves illiquid for global transactions. This revelation casts doubt on the readiness of America’s stockpile—valued statutorily at $42.22 per ounce—for use in international settlements. The London […] The post Only 17% of Fort Knox Gold Meets Modern Purity for International Settlements appeared first on the deep dive.