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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: TD who wrote (76164)	9/12/2001 1:19:32 PM
From: long-gone	Read Replies (1) \| Respond to of 116833

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.

To: TD who wrote (76164)	9/12/2001 3:08:36 PM
From: IngotWeTrust	Respond to of 116833

Hello, TD. My best guess re: NY merc is that this "time off" has more to do with reconstructing electronically the copious bondmarket backup data, and doing the trade clearing. Electronic off site storage is the norm now. AND, for security reasons, I suspect we'll never be told "how they did it" but will just get the show on the road again soon. This is a personnel matter, an uncleared trades matter, an electronic re-location and restoration matter, as well as a matter of geographic relocation of operations.. When it can be smoothly re-opened it will be, and whatever glitches are left will be sorted out by the lawyers in the years to come as the wronged individual and institutional investor seeks legal redress for their losses due to bad data. And any weaknesses revealed by the concentraton of trading houses and clearing houses and electronic data storage will be addressed, brainstormed and remedied. If old trading floors are still available, they may be pressed back into service. Seems to me like the Chicago BOT has some floorspace above and below the main pits are possibly available. Some positions causing your distress? EMAIL me if you want to brainstorm about those matters and plan some hedging strategies for example. Hutch would probably be useful in that discussion as well. PM him or me or anyone else for some ideas. Take care and regards to the "little lady" gold_tutor