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Gold Reserves

The total amount of gold bullion held by a country's central bank or monetary authority, often used as a store of value or to support its currency.

Assay

A test or analysis performed to determine the purity or composition of a metal, like gold.

Inventory

A detailed and complete list of all items, in this case, a precise count and description of all individual gold bars or holdings.

Audit

An official, independent examination of financial accounts, records, or procedures to verify their accuracy and compliance with rules.

Comptroller General

The head of the Government Accountability Office (GAO), an independent agency that provides audit, evaluation, and investigative services for Congress.

Encumbrances

Any claims or liabilities against an asset, such as a lease, swap, or other financial transaction that might affect who owns or controls the gold.

Good Delivery Standards

Globally recognized specifications for the purity, weight, and physical characteristics of gold bars, making them acceptable for trading on major international markets.