Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Inside the New York Fed’s Gold Vault

IMG Auteur
From the Archives : Originally published June 12th, 2013
134 words - Reading time : less than a minute
( 5 votes, 4.2/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Category : Gold University

National Geographic goes to 33 Liberty Street in New York City to visit the Federal Reserve’s gold vault, home to about one-quarter of the world’s gold. Beginning at about the 3 minute mark, you get to see what one tonne of gold looks like, another reminder of just how dense the metal is.

About half-way through this segment, they visit the New York gold district and then they begin a discussion of the current monetary system with this:

All that money used to be backed by gold, but not any more. Today, our buck is backed by a promise from the U.S. government. The fact that it all works based on trust alone is simply taken for granted…

In part two, they go to Washington to visit Fed Chief Ben Bernanke. Pretty interesting stuff.

<< Previous article
Rate : Average note :4.2 (5 votes)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
That was easy enough. Now, why not let someone in to Fort Knox to take a look at the "stores of gold" in it?
Rate :   5  0Rating :   5
EmailPermalink
Latest comment posted for this article
That was easy enough. Now, why not let someone in to Fort Knox to take a look at the "stores of gold" in it? Read more
samking73 - 6/13/2013 at 8:45 PM GMT
Rating :  5  0
Top articles
Latest Comments
Debt, Dollars, DOW, War, Silver, and Shirts
20 AugRAHU12
Right here on this web site you could locate the most successful as well as the very best device on the net for Roblox Robux hacks. If you favor va...
Deep Subprime Auto Loan Delinquencies Reach 2007 Levels: The Next B...
22 AugThe Recusant
MIsh: Great article and headsup on what's happening in the subprime loan and bond sector. The possibility of a crash due to the auto loans...
War Games: China Say It Will Prevent US From Attacking North Korea ...
20 Augkevthorne2
Done nothing? How about: "There was a pre-emptive attempt from Koreans to reunite their country in 1950 after resisting American occupation...
War Games: China Say It Will Prevent US From Attacking North Korea ...
18 AugRckpyle1-2
Tough talk from China. Ask yourself, would China be willing to see Beijing become a crater if it attacked the US to aid NK? No, tough talk is cheap...
NY Fed President Wants Consumers to Tap Home Equity: Didn’t We Try ...
17 Augmikejuha
As a prudent investor, I eliminated all mortgage debt in January 2009. When I paid off my loan with Bank of America, they initially refused to tak...
Total Eclipse
19 AugThe Recusant-2
"I’d like to hear [sic] an argument..." Historical statues typically honor or remember people of greatness, the beneficial contribution th...
Can a government surplus cause the economy to tank?
18 Auggfs543
Your dissection is incisive, Steve. You weren't refuting just this one writer. You were beating up on popular Keynesian fallacies.
Can a government surplus cause the economy to tank?
17 AugDRGEORGE
Thank you very much for that Steve. But please just don't 'leave it there'. The author of that article apparently intends to expand on that bullshi...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS