These are the same people who "run" Canada , next time I would suggest they try counting on here toes and fingers.
The way I hear it, double counting of gold is common nowadays. You lease the gold to carry traders, but still count it as inventory because it never actually leaves the vault. Only the paper certificates change hands. Thus, the only way you'd know it was pledged is if you followed the paper trail. Simply counting bars won't do it.
Works just fine until someone calls for delivery, then you have to scramble to buy on the open market because that gold you're showing as inventory can't be sold - it belongs to someone else.
Or something like that.
ebear