[pglevy]

Thanks for the link! I wonder how this works. Is there just no practical impact of the "book value" being so far off the market price? Surely any exchange is done at the prevailing rates.

> The market value of a gold bar depends on its weight, purity level, and the prevailing market price for gold. Rather than market pricing which fluctuates daily, the New York Fed uses the United States official book value of $42.2222 per troy ounce for gold holdings.

[ceejayoz]

> Surely any exchange is done at the prevailing rates.

Nothing prevents Germany from just gifting Poland a few bars in exchange for resolution of some minor border dispute.