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I'm also wondering if "Gold reserves/holdings" also include Platinum?
A gold reserve is the gold held by a national central bank, intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, or to secure a currency.
On Nov. 1, Mayor Rudolph Giuliani announced that "more than $230 million" worth of gold and silver bars that had been stored in a bomb-proof vault had been recovered
Reports describing the contents of the vaults before the attack suggest that nearly $1 billion in precious metals was stored in the vaults. A figure of $650 million in a National Real Estate Investor article published after the attack is apparently based on pre-attack reports. Unknown to most people at the time, $650 million in gold and silver was being kept in a special vault four floors beneath Four World Trade Center.
Thats called reserves, but is it really there?
They'll lie about both though, so either way we're kind of in the dark about what our gov. is doing in the precious metals markets
originally posted by: FamCore
a reply to: FamCore
I'm also wondering if "Gold reserves/holdings" also include Platinum? As it is a type of gold, I would assume it would fit into that category BUT I know very little about the details of the treasury, how they report, etc., hence the thread.