The ratio of U.S. gold reserves to federal debt has fallen to a historic low of 3%.

The Kobeissi Letter, in an article published on the X platform, stated that the ratio of US gold reserves to government debt is at a historical low. Currently, gold reserves account for only 3% of US federal debt, one of the lowest levels on record. Despite the US holding 8,133.5 metric tons of gold, the world's largest reserve, and gold prices rising to historical highs, this ratio remains low. In comparison, the ratio was approximately 18% in 1980, six times higher than it is now. To reach the 1980 reserve level, gold prices would need to rise by 400%, reaching $26,000 per ounce. In the 1940s, gold reserves accounted for over 50% of federal debt. To match that level, gold prices would need to rise by 1340%, reaching approximately $75,000 per ounce. The gold reserve data highlights the growth of US debt.