[dubbel]

We are talking about national gold reserves, not some household items.

They exist for the reason to liquidate them in case of national emergencies/severe economic crises. It's easier to liquidate these reserves when they are stored in trading hubs. That could be New York and London, or maybe even Shanghai, if China wasn't a systemic rival.

Storing all of them at "one's place" is a larger risk than splitting it up and storing them in several places, each with a different risk profile.

[FpUser]

>"It's easier to liquidate these reserves when they are stored in trading hubs"

Does that happen often (gold sale)?

[holowoodman]

every other world war or so...

[FpUser]

Well, if WWIII starts they will not be cashing in their gold no matter where it is kept and world financial capitals would be the last places to survive strikes.