All your customers won’t withdraw all the gold at once. So you don’t need to have 100% reserves. That’s a fact. The problem is once you go less than 100% it’s a

All your customers won’t withdraw all the gold at once. So you don’t need to have 100% reserves. That’s a fact. The problem is once you go less than 100% it’s always tempting to inch that number down. Because selling new claims, or selling reserves is free money.