Interesting perspective. Why then does the US government claim to hold gold? If things are as you say, there would be little need for these reserves.

https://en.wikipedia.org/wiki/United_States_Bullion_Deposito....

>As of 2021, the U.S. gold reserves total 8,134 metric tons. The next highest holdings were Germany's, whose gold reserves were 3,364 metric tons.[43] As of 31 July 2020, Fort Knox holds 147.34 million troy ounces (4,583 metric tons) of gold reserves with a market value of US $290.9 billion, representing 56.35% of the gold reserves of the United States.