U.S. Congressman Proposes Audit of Gold Reserves, 50 Years of Trading Records May Be Made Public
Recently, U.S. Congressman Thomas Massie introduced the Gold Reserve Transparency Act, requiring a comprehensive audit of all gold reserves held by the Federal Reserve and the Treasury Department, and the public disclosure of gold trading records from the past 50 years, including purchases, sales, and lending activities. This bill aims to enhance the federal government's transparency in gold management and strengthen the regulation and accountability of gold assets.
The bill's sponsor emphasized that gold, as a strategic national asset, is related to monetary stability, fiscal security, and global trust, and should therefore be subject to stricter information disclosure and external oversight. If passed, this bill will systematically reveal the specific operations of the U.S. government in the gold market over the decades.
