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Commodities Briefing - Categorized | Bullion/Gold more

Is the world’s biggest gold vault empty?

Posted on 17 June 2014

The fifth subfloor of the Federal Reserve Bank of New York is home to the world’s largest gold vault. And pretty much anybody can take the elevator down 25 metres below street level to view the steel and concrete structure. But very few people are allowed past the 90-ton steel cylinder that protects the entrance to the vault – not even the owners of the gold stored inside.
Of course security has to be pretty tight, for the vault that contains over 20% of the world’s gold. But some owners have become increasingly suspicious over the existence of the gold………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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