Texas doesn't have any gold with the Federal Reserve. All their bullion, actually owned by the University of Texas endowment fund through their University of Texas Investment Management Company, is held at the New York City branch of HSBC.
...and being a$$holes to Germany about sending its gold back to them
At last count Germany shipped between 80 and 90 tons of their gold back to Frankfurt. And have audited what they have left at the New York Fed.
Same difference. If it isn’t in their hands, it doesn’t exist.
As for Germany, have they drilled through a sample of their bars yet? The Fed audits itself. Not some outside impartial entity. Did they “audit” Germany’s stockpile, too?
I just don’t believe any of it.
The transfer of German gold from the NY fed to Germany is ongoing. Safe physical transfer to a safe location is more complicated than most imagine.