Resources and Assets: Gold and Gold Certificates: Gold Held Exclusively Against Federal Reserve Notes
RAGGCHEFRN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,585.17
Year-over-Year Change
-3.39%
Date Range
1/5/1927 - 1/24/1934
Summary
This economic indicator tracks the quantity of gold held exclusively against Federal Reserve Notes, providing insight into monetary reserve management. It reflects the Federal Reserve's gold holdings and their relationship to currency issuance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trend represents a critical component of the U.S. monetary system's gold reserves, indicating the backing of paper currency by physical gold assets. Economists use this metric to understand monetary policy stability and historical currency valuation strategies.
Methodology
Data is collected and reported by the Federal Reserve through official accounting and inventory tracking of gold certificates and physical gold reserves.
Historical Context
This indicator is used in macroeconomic analysis to assess the potential intrinsic value and stability of U.S. currency and monetary policy.
Key Facts
- Represents gold holdings directly linked to Federal Reserve currency issuance
- Provides historical insight into U.S. monetary reserve strategies
- Reflects potential underlying value of U.S. paper currency
FAQs
Q: What does this trend measure?
A: It measures the quantity of gold held exclusively against Federal Reserve Notes, indicating the gold backing of U.S. currency.
Q: Why is gold reserve tracking important?
A: Gold reserves provide insight into monetary stability and potential intrinsic value of a nation's currency system.
Q: How often is this data updated?
A: The Federal Reserve typically updates these reserve figures periodically, with precise frequency varying based on internal reporting cycles.
Q: Does this mean U.S. currency is still gold-backed?
A: While no longer directly convertible to gold, these reserves represent a historical connection between gold and monetary policy.
Q: Can this data predict economic trends?
A: While not a direct predictive tool, it offers valuable context about monetary reserve management and potential economic strategies.
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Citation
U.S. Federal Reserve, Resources and Assets: Gold and Gold Certificates: Gold Held Exclusively Against Federal Reserve Notes [RAGGCHEFRN], retrieved from FRED.
Last Checked: 8/1/2025