RE: GOLD - Paper vs Physical Bullion Question for the board. How many owners do you think have a claim on each bar held by the fed?
This is why Germany wants their gold back and many other countries. It is reported that the fed only charges for movement of the gold not storage. Does this seem right. Only if your leasing business is doing good.
"The New York Federal Reserve's gold vault, for example, is about 80 feet below street level in lower Manhattan, its only entry protected by a 90-ton steel cylinder 9 feet high. The New York Fed imposes a handling fee when gold enters or leaves the vault but does not otherwise charge account holders for storing their gold."