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
Comment this article
>Follow all commentairies
You must be logged in to comment an article8000 characters max.
Log in or Sign up
  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
Leaked Police Report: There Are 23 Muslim-Controlled “No Go Zones” ...
25 Junkevthorne1
I do not know how anyone could take an article like this seriously. It is garbage of the worst kind. 'Anonymous sources' 'unidentified leaks' - not...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
22 JunDavid C.2
Yes Mish, but bitcoin and the wealth and debt burdens of the world are fully backed by electrons which are very light. Unlike that 68 ft glob of m...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
23 JunDynoman0
Valuable potential is what's currently offered by digital currencies. It makes absolute sense to have a global digital economy based upon borderles...
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Gold Price Cuts Post-UK Election Loss, ETF Investors Sell, Nasdaq D...
16 JunSam Maher
"the SPDR Gold Trust (NYSEArca:GLD) – saw its sharpest liquidation since March in the week-ending Thursday, with shareholders cutting the fund's si...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS