Currency

Why Geithner's Treasury Won't Sell the Gold

The United States is currently the largest holder of gold in the world.  The US Treasury is currently sitting on 261.5 million ounces.  Multiplied by roughly $1100 per ounce, we’re talking about a stash worth almost $300 billion at today’s prices. In an article today at CNNMoney, we learn a few interesting things about our gold…