Gold glitters as mistrust spreads
Gold has flooded into America since Mr Trump's election, prompting speculation that US government agencies might be stockpiling it. PHOTO ILLUSTRATION: PIXABAY
A decade ago, I asked officials at the New York Federal Reserve if I could peek at their gold reserves. They refused point blank.
The reason? Fed officials have long taken pride in having the world's biggest gold vault, dug 24m down into Manhattan's bedrock. But they prefer to keep it discreet, partly because many of the vault's 507,000 bars belong to countries such as Germany and Italy. Silence was literally golden.
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