No, this was not a fractional banking agreement. The Germans did not deposit money into some bank which was then expected to lend it out.
The Germans in effect afraid a Soviet invasion placed THEIR gold into what was a safe deposit box.
NOw they want the box opened and to take their possessions. Their EXACT possessions. That is their inspected, assayed, measured, and marked gold bars.
If you put gold coins into a safe deposit box, you do not have an expectation that it will be lent again and again. That was not the agreement the Germans entered into. This was pure theft because nobody expected they would ever demand return of their gold left for SAFEKEEPING.
I didn’t say that they agreed to it. Just that they knew what was going on.
I don’t know about Ft Knox gold, but the NY Fed vault has a bunch of old gold with serial numbers and makers stamps from each country who stores there. I’ve seen it with my own eyes. Unless there’s some wacky stacking going on, or someone’s drilling out bars and filling with something else, folks’ gold is still there as deposited.