ny fed under first audit conducted. wheres the gold?

Discussion in 'Politics' started by tflga, Aug 4, 2012.

  1. 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?:confused:
  2. 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.

  3. Oh okay, they shoulda explained that in the article! :laughing:

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