Gustav Peebles in Mother Jones

Gustav Peebles intervjued in the article "An Economy Based on Carbon Waste? Don’t Laugh. It Might Just Save Us".

The US government is a big-time hoarder. At last count, in three locations - Denver, Fort Knox, and West Point - it had socked away 248,046,115.696 troy ounces of gold. One might think to round that to the nearest ounce, but at today’s prices, that extra 0.304 ounces of gold would fetch about $1,060 and the entire hoard is worth more than $865 billion. Except it isn’t, because this gold is not for sale. Sequestration has rendered it priceless. Why do we keep it?

Read the full article here at Mother Jones

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Last updated: August 22, 2025

Source: Department of Social Anthropology

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