> A secret report by Germany’s Federal Audit Office leaked to the public last week states that the Federal Reserve Bank of New York refuses to allow Bundebank staff to even view the gold, triggering suspicions that the vaults are empty as well as calls for the gold to be shipped back to Berlin.
> The Fed implements stringent security controls, and refuses even Bundesbank staff full access to the German gold hoard. A team of personnel demanding access in 2007 were only allowed to visit the anteroom of the reserves, and when Bundebank auditors visited in May 2011 only one of nine compartments was opened for direct handling.
> The Federal Reserve’s fervent secrecy has engendered suspicion and concern, with some claiming that Germany’s gold has long ago disappeared or been lent out, and that only promissory notes of nominal value are sitting in the vault.
Note that Germany already finished bringing back 300 tons of gold from NYC and about the same amount from Paris in 2016, so this is a bit out of date (that whole transfer was completed ahead of schedule, which indicates, in hindsight, that probably not all the German gold in NYC was missing completely in 2011 :P).
Yes indeed, this article is outdated. But I posted it to counter the other comments here which are trying to draw links to Trump bring the reason that the Bundesbank don’t believe the US Fed. In fact, some in Germany have long mistrusted the Fed’s word on how much German gold is still actually in the vaults.
Here is a very fun, deeply speculative article from Zerohedge on this topic, from 2013:
> That's right, ladies and gentlemen, as a result of our cursory examination, we have learned that the world's largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve, which according to folklore is the official location of the biggest collection of sovereign, public gold in the world.
> At this point we would hate to be self-referential, and point out what one of our own commentators noted on the topic of the Fed's vault a year ago, namely that:
> Chase Plaza (now the Property of JPM) is linked to the facility via tunnel... I have seen it. The elevators on the Chase side are incredible. They could lift a tank.
> ... but we won't, and instead we will let readers make up their own mind why the the thousands of tons of sovereign gold in the possession of the New York Fed, have to be literally inches across, if not directly connected, to the largest private gold vault in the world.
> The Fed implements stringent security controls, and refuses even Bundesbank staff full access to the German gold hoard. A team of personnel demanding access in 2007 were only allowed to visit the anteroom of the reserves, and when Bundebank auditors visited in May 2011 only one of nine compartments was opened for direct handling.
> The Federal Reserve’s fervent secrecy has engendered suspicion and concern, with some claiming that Germany’s gold has long ago disappeared or been lent out, and that only promissory notes of nominal value are sitting in the vault.
https://www.mining.com/germans-begin-to-demand-their-gold-ba...