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
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.