Calming the waters by showing off the "goods"

by **The_Virginian** » Fri 19 Sep 2008, 17:23:05

who knows how much belongs to US?

"Just a few blocks away from all the turmoil and panic of the stock market sits the world's largest stockpile of gold. Deep under the streets of Manhattan sits more gold than "James Bond" villain Goldfinger could ever imagine.

And I recently got a private tour inside the little-known vault.

Nearly $200 billion worth of gold rests on bedrock five stories underground, 30 feet below the city's subway system, inside the Federal Reserve Bank of New York's vault. "

Copyright © 2008 ABC News Internet Ventures

Of course it is either private ( Fed Res) or foreign...but 5% of what amount(?) is ours????

(edit due to SPG's post below)

by **smallpoxgirl** » Fri 19 Sep 2008, 20:45:50

The_Virginian wrote:America actually owns 5% of this

What the article said was that %5 of America's gold is there, not that 5% of it is American. FWIW, those gold holdings are about 10 times as big as GLD's holdings.

by **The_Virginian** » Sat 20 Sep 2008, 21:55:07

Good call SPG, will edit, thank you.

Calming the waters by showing off the "goods"

Calming the waters by showing off the "goods"

Re: Calming the waters by showing off the "goods"

Re: Calming the waters by showing off the "goods"

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