Imagine that a fraudster had replaced the gold bars with fakes without anybody ever having noticed it.
My guess is that it wouldn't have made any difference. It is all backup by fiducia or trust
Without it any bank run would have wiped out the Bank of NSW.
I know, I know that Wikipedia is a terrible source of factual info as it is always contracting golbug's profound thoughts and statements but while waiting for Goldpedia to be up an running let's use it.
