[delta7]

Perhaps this is one of the reasons why that new refinery is being built in Tennessee.

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Possibly. Those in the industry know a good portion of Knox Gold is not .999, they melted our coinage into bars. I see no problem it is not in “ international good delivery form”, Gold is still Gold.....France recently wanted to repatriate their Gold, but instead took the money for it and paid to have it refined in nice, new, “ good delivery “ bars....

AI: Details of the Repatriation
Key Facts:
Amount Repatriated: 129 tonnes of gold
Profit Made: Approximately €13 billion ($15 billion)
Reason for Repatriation: Rising geopolitical tensions and a desire for greater control over national reserves
Timing and Strategy
France sold its gold stored in New York and replaced it with newer, high-quality bullion from European central banks.”

US Gold purity, more:

AI:
“The purity of U.S. gold reserves, particularly in Fort Knox, is generally around 91.67%, but much of it was delivered before modern assay standards, making it potentially unsuitable for “good delivery” by today’s market standards. The last official audit of Fort Knox was conducted in 1953, and since then, there has been ongoing speculation about the actual purity and quantity of gold held.”

[delta7]

https://www.msn.com/en-us/money/markets/france-pulls-all-gold-out-of-us-federal-reserve/ar-AA20kMsf

France has sold its remaining gold holdings that were held in the U.S. Federal Reserve, completing a long-term plan to bring its gold reserves home and update its old stock to meet modern international standards.

The country’s central bank, the Banque de France, made nearly 13 billion euros, or around $15 billion, after upgrading 129 tonnes of gold between July 2025 and January 2026 and replacing it with new, compliant bars stored in Paris....