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New York Fed reports small decline in custodial gold
From GoldReporter, Germany
Tuesday, September 28, 2021
For the first time in more than two years, the Federal Reserve Bank of New York reports a decrease in its gold holdings stored on behalf of customers.
As the Fed states in its latest monthly report, the gold reserves reported as "earmarked gold" amounted to $7,789 million as of September 24, 2021. This gold is traditionally reported at a book value of $42.22 per ounce. This corresponds to the gold price from 1973.
Accordingly, the inventory now includes the equivalent of 184,486,025 ounces. That corresponds to 5,738.15 tons. A month earlier it was $7,794 million in reported gold reserves, equivalent to 184,604,452 ounces or 5,741.84 tons.
According to this, 3.69 tons of gold migrated this month. ...
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