The Keys to the Gold Vaults at the New York Fed - Part 3: 'Coin Bars', 'Melts' and the Bundesbank

``I would lean towards the probability that the Federal Reserve Bank of New York has given the Deutsche Bundesbank tonnes of coin bars and the smelting operations have been bringing this gold up to London Good delivery purity levels. This begs the question, where did all the other Bundesbank gold bars stored at the New York Fed disappear to?'' -- See also Koos Jansen's Second Thoughts On US Official Gold Reserves Audits on this subject.