The first major attempts by foreign countries to repatriate their gold reserves first began in 2012.
The US said it could not provide the required security for audit. Then, Washington said it was impossible to differentiate the US gold bars from European ones.
Experts name two possible reasons behind the US trying to keep at any costs foreign gold reserves in the Fed storage.
The first one is that dollar unlike other currency like euro or yuan is not backed by gold. Second, gold repatriation would have positive effect on the global economy.
