The US gold is at Fort Knox, $300 billion worth, most recently audited under Trump.
It's all still there. It has to be re-refined before it can be market usable, because that gold is currently mixed with other metals.
The Fed adjusts interest rates, and prints money. That's all they do. Literally creating money out of nothing is the purpose of the Fed.
If the USA was to return to the gold standard, based on the gold currently in inventory, vrs the total global US dollars outstanding, the price of gold in US dollars would radically revaluate, or, the US dollar would radically devalue, but probably a combination of the two.
Currently a single ounce of gold would need to be worth millions of dollars. This is why Russia fixing the ruble to gold is such a major shot across the bow for the West. If the Brics force the West back onto a gold standard for international trade, that would basically end the Fed, and fiat currency. A number of bankers would be very unhappy, for starters.
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