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RolfAndreassen comments on Harry Potter and the Methods of Rationality discussion thread, part 26, chapter 97 - Less Wrong
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Do bank vaults actually contain gold, these days?
The Federal Reserve Bank of New York happens to have around 6,700 tons of physical gold stored in the basement of its building in Manhattan (http://www.newyorkfed.org/aboutthefed/goldvault.html).
There are definitely places gold is stored.
Surely they do. People trade in gold and banks are supposed to be holding the actual gold they own.