Gold prices surged to an all-time high of $2,940 per ounce on Feb. 20, pushing its market cap above $20 trillion for the first time ever, as trade tensions between the United States and Europe have stoked fears of a global economic slowdown. And while safe-haven demand is certainly a driver, there’s another potential catalyst that could send prices soaring even higher: the revaluation of America’s gold reserves.

As many of you are aware, the United States holds the most gold of any country by far, with reserves totaling 8,133 metric tons. But what’s less well-known is that the stockpile’s value has remained at just $42 per ounce since 1973, putting its total recorded value at around $11 billion.

Let’s say we were to revalue those reserves at today’s price of around $2,900, which some people are in favor of. The total value, then, would jump to a staggering $760 billion, creating a windfall of $749 billion. This could provide the government with options to s