If you Google about the USA gold reserves you will quickly note that the last time there was a full audit of the gold held in reserve by the US was 55 years ago. Yep, you read that correctly. There has not been a FULL (complete) audit of the actual total amount of gold held in America for FIFTY-FIVE years. Partial (21%) audits, yes, but not a full one. See here as an example. Or here.
Now you then have to think that, by NOT using something, it is in effect 'worthless' or of little value. It is only when a scarcity of a product is such that prices of the commodity increase. But... what if you do not have the amount of the product that you say you have or start selling lots of gold?
Equally, there are commodity traders who do this with foods and other food based products. It is their gambling on the future value of a product that is forcing prices up. They are essentially saying 'If product Y has a crop failure then we will make lots of money´... that is it. No consideration for the effect this will have on people's lives. This alone is wrong.
So, does the US have any gold? If so, how much? Are they bluffing? Clearly there are sufficient defences to ensure you cannot go and take a peek (or a bar or seven) here.
See also... here. And here of course...
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