Brad De Long wrote:
> The Federal Reserve Bank of New York is supposed to be much more so. You
> see, many countries keep their gold reserves in the FRBNY basement (a habit
> that they started back around WWII). When one country wants to sell gold to
> another, they are supposed to send a forklift into the basement to pick up
> the bars from one pile and move them to another...
And the New York Fed is storing millions in bricks of gold that came from Nazi loot - melt down of personal possessions, gold fillings, rings, etc which has been there since the war ended.
Marta Russell