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” Germany’s stockpile, too?
Any audit of Germany's gold is done by the Bundesbank itself with New York Fed representatives assisting.
You are far more trusting than I am is about all I can say. Until 2013 Texas’ gold was held by the Federal Reserve and they switched to HSBC. They have since established the Texas Gold Repository (or whatever the name is) to physically move whatever gold there is to Texas.
So far, this is just a name and a location to be named and built. But the real subtext here is that there is a definite healthy mistrust of Federal Government and those connected with it. Reports seen on the internet suggest that HSBC doesn’t even have on hand all the gold it is obligated to guarantee.
As for Germany, I question again. Have they drilled through sample bars to assure they are real?
“Then that would be a matter between Texas and HSBC. “
HSBC, founded specifically as a dope bank for the opium trade. And they are still in it today laundering for the Mexican cartels. HSBC is a disgusting organization that should not even be allowed in the USA.