There has already been a physical inspection with the counterparty that has the gold under its custody in recent weeks. The question is not whether something is really down there, but rather how many times that the something has been sold, leased, hypothecated and rehypothecated ... and to whom ... or in other words, who actually owns the stuff ... and nobody will ever know the answer to that question until the barbarous relic is actually repatriated. Until then, I kind of enjoy watching the idiots squirm as they try to reassure the ignorant peasants that all is well.