Report questions purity of US gold reserves

A report from analysts at Money Metals is raising questions about the quality of the United States' gold reserves. Drawing on US Treasury documents and inventories from the early 2010s, the analysis claims only about 17% of the bullion meets modern purity standards of 995 or higher, suitable for trading on major platforms like the LBMA. The report states the average purity of the entire reserve is approximately 916, or 91.6% gold, which is considered outdated and would require costly and time-consuming refining to become a modern exchange asset. The issue is compounded by the lack of a comprehensive, independent audit of the deep storage reserves since the 1950s, with only internal checks conducted since the closure of the gold window.