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by raphman
64 days ago
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I don't think they regularly audit the gold bars. But according to an article I read, the German Bundesbank used these lists to check off each of the bars transferred between 2013 and 2017 (when they transferred ~ 300 tons each from Paris and New York¹).
Back then, they brought the gold bars to Germany, weighed them at multiple checkpoints, and melted them here. AFAIK, no discrepancies between list and actual weight/fineness were found. I think this list is not only used for internal audits but also to assure the public and banks that Germany indeed knows in detail where its gold is stored. ¹) https://www.bundesbank.de/de/aufgaben/themen/bundesbank-schl... (in German) |
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