- Gold is the perfect debt extinguisher! The United States has 250M ounces of gold, worth about US$325B at US$1300/ounce gold price. All the Trump adminstration needs to do to get rid of US$22Trillion of debt is to revalue the price of gold massively higher say US$100,000/ounce. The 250M ounces will then be worth US$25Trillion. Problem solved! America will be solvent just by this simple move.