The role of gold as the “ultimate money” is hardly understood by politicians and journalists, let alone ordinary voters and taxpayers. As a store of value it is “obvious”, as long as the same bullion is not sold more than once, as described in the article How much imaginary gold has been sold?
The people who do watch it are the professional investors who make money out of money “their way”, by taking personal risks.
It is rather remarkable that and how those investors who specialise in gold and have founded GATA, the Gold Anti-Trust Action Committee, have been showing up flaws that border on fraud!
Here is an excellent article about the World Gold Council.