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.
Then that would be a matter between Texas and HSBC. The New York Fed doesn't enter in to it.
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 Germanys stockpile, too?
Any audit of Germany's gold is done by the Bundesbank itself with New York Fed representatives assisting.