Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.10

+1.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TD who wrote (76164)	9/12/2001 1:19:32 PM
From: long-gone	Read Replies (1) of 116836

I believe all the gold owned by the US government in NYC is in (below) the New York Federal Reserve: Federal Reserve Bank 33 Liberty Street Manhattan (212) 720-6130 Tours: Monday through Friday (except bank holidays) at 10:30 AM, 11:30 AM, 1:30 PM, and 2:30 PM Tours last approximately 45 minutes Admission: Free click for full-size (39K) Summary: Free tours on weekdays provide a glimpse at the world's largest gold repository (yes, more than Fort Knox!). We recommend that reservations for the tour be made at least two weeks in advance. The Federal Reserve Bank of New York is one of twelve regional Reserve Banks in the Federal Reserve System. Its claim to fame is the enormous gold reserves which lie five floors (80 feet) beneath the city streets. The bank began receiving its gold during the World Wars when foreign countries wanted their gold reserves safely away from European turmoil. Interestingly, only two percent of the 9,000 tons of gold the Federal Reserve Bank of New York stores belongs to the United States. There are 63 account holders here, 49 of which are countries; the rest belong to international organizations. The amount of gold used to be larger. In 1978, the bank held one million bars of gold; today, it stores about 700,000. Still, this amounts to an impressive cache worth approximately $116 billion. (cont) Andrew Roche theinsider.com here's a link to Republic's locations: us.hsbc.com Here's on-line Mapsco link: mapsco.com Hope that helps.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next