20kT of gold?

http://www.nevadacounty.com/business/mormons-scammed-for-50-million-promising-sale-of-20000-tons-of-gold/
http://en.wikipedia.org/wiki/Official_gold_reserves
I recently found out about this scam where people were ripped off by a con artist claiming to be raising funds to broker a deal involving twenty thousand tons of gold. That's right, twenty thousand tons.
Man, that's a positively staggering amount of gold. As the article says, more than twice the USA's gold reserve. Based off the wikipedia figures, 1/8th of all gold ever mined, roughly the amount of gold held in the combined reserves of the USA, Germany, IMF, France and Italy. I can see why someone wanting to make a transaction this size would have trouble. The serious players in the gold industry probably find it completely absurd that anyone might conceivably have that much gold in their possession. Then there's the problem of trying to amass enough money to pay for that much gold. From the thirty million dollars from wikipedia, this is a six hundred billion dollar transaction. That's three times the GDP of Israel, where the people who amassed the vast fortune of gold are.