Gold Withdrawals From The NY Fed Accelerate, Hit 388 Tons Since 2014

from Zero Hedge

First it was Germany who redeemed 120 tons of physical gold from the NY Fed in 2014; then it was the Netherlands who “secretly” redomiciled 122 tons of gold; then last May, we learned that Austria would be the third “core” European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.

That was just the beginning. Thanks to the latest NY Fed data, we now know that beginning in 2014 and continuing through yesterday, the gold “bleeding” from the vault located 90 feet below street level at 33 Liberty Street is not only continuing but accelerating.

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