In Islam you have to pay Zakat (obligatory alms giving) once your savings, (the money you don't spend,) are valued at more than 85 grams of Gold. The Zakat is 2.5% of these savings each year.
It's given to the poor and the needy.
I wonder how valuable a Zakat of US Gold Reserves would be. Probably enough to save the world from hunger problems for a few years.
Let me dream! #freecompliments #crossculture #bbh
https://inleo.io/threads/view/onealfa/re-leothreads-iwypwygt
Assuming that 1 troy oz equals 31 grams, 85 grams is roughly 2.74 ozT. Assuming XAU/USD=2500, 85 g XAU is @ $6854.84.
As for US reserves, they are the subject of much conjecture: Do they actually exist? How much is actually present?
Yeah, we don't know for sure, right?
A team legislators went to the gold repository @ Fort Knox to inspect the gold reserves; that visit turned out to be controlled & flawed. So we still can't confirm the tonnage is what they say it is; we just have to take their word for it.