Registered: Apr 2002
11-01-12 04:01 AM
"In fact, auditors from the Bundesbank made a second visit in May 2011. This time one of the nine compartments was also opened, in which the German gold bars are densely stacked. A few were pulled out and weighed. But this part of the report has been blacked out -- out of consideration for the Federal Reserve Bank of New York."
Actually this makes sense. They probably don't have room to move the stuff around with the same chain of security for the sake of an audit to count it all. What the Fed is saying is essentially ( and this is just my own silly guess ): "withdraw it is fine, but if you want to move every bar from one secure room to the another equally secure room in order to count each bar that is a problem because we do not have the secure space to do that ".
Just sell it to the Indians - they'll buy it and pick it up.
I really can see how it would be easier to just withdraw it than count each bar.
Besides, trust the Fed. They can print up $200 billion in cash for you in about a day.
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