It says the NY Fed gold is about 5% of America's gold, but then goes on to say that the gold in the NY Reserve holds about 23% of the World's gold reserves...? Last time I checked 5%<23%, so how does America have more gold than there is on the entire planet?
It holds 5% of OUR gold, but the NY Reserve is also used as a vault to hold other nation's gold when they want to do business here.