It is widely known that central banks hold significant amount of gold and actively participating in the gold market both as buyers and sellers. What is much less known is the exact way in which central banks count their ounces and perform their gold transactions. Neal R Ryan the director of economic research – Blanchard and Company Inc. published an interesting paper about this issue. The paper includes information about gold loans and swaps, Bullion banks - central banks relations, and the IMF opinions about these issues.
See my Previous gold & central banks related posts.