New York Fed Gold Stock Tumbles 15 Tonnes In August
By GCRU Gold News on Friday, October 3 2014, 14:05 - Permalink
Every month the Federal Reserve bank of New York (FRBNY) publishes the amount of gold it holds in custody for 36 foreign central banks and the IMF. After a significant drop in July of 24 tonnes, 15 tonnes were withdrawn from the vaults in August. Germany is the only country, that I'm aware of, currently repatriating gold from New York. This suggest all withdrawals year to date have been shipped to Frankfurt.