[DoodleDawg]

Most large deposits are held at the Fed vault in NYC.

Only foreign ones and only gold held by foreign governments, central banks, and international organizations. Just about all the major banks in New York City manage gold for corporations like the University of Texas Investment Management Corporation, and they charge an arm and a leg to do it. HSBC is charging Texas $108 per bar per year to store it. That's over $600,000 a year.

[Vermont Lt]

Thanks for explaining hat.