just an innocent question, why fuck would sovereign state store its national treasure in another sovereign state's vaults, anybody?
the fed's vaults are not a "sovereign" state. the fed is a private corporation.
that lends money to the US
I actually disagree with the theory that Fannie May, Freddie Mac, the Fed, etc, etc, ad nauseum, are "separate from the US". They are so created to create the appearance of distance between entities, yes.
ANYWAY, interesting question.
Suppose Germany were to sell some of the gold in the FED vault - auction it on the market.
What price would they get?
LOL...
A good one. They would sell it as an option to produce the gold for a certain price: Paper gold.