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A possible valuation of gold reserves in the US according to the market value of $4,000 per ounce to cover the budget deficit will lead to negative consequences, writes Fortune citing Fidelity Investments. Analysts estimate that such a move would require the approval of Congress and would cause inflation and higher yields for the Ministry of Finance. Now the official price of gold in the United States is set at $42.22 per ounce, so the reserves are estimated at only $11 billion, with a market value of $1 trillion.

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A possible valuation of gold reserves in the US according to the market value of $4,000 per ounce to cover the budget deficit will lead to negative consequences, writes Fortune citing Fidelity Investments. Analysts estimate that such a move would require the approval of Congress and would cause inflation and higher yields for the Ministry of Finance. Now the official price of gold in the United States is set at $42.22 per ounce, so the reserves are estimated at only $11 billion, with a market value of $1 trillion.

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