Vault of the Fort Knox Bullion Depository

1630Boston

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ricko

Interesting the value of a gold bar at the time...$14k - now $720K...... Construction details indicate it may be difficult to tunnel into.... Cheers, RickO

jwitten

I live 15 minutes or so from the vault. My wife used to work at Ft Knox before deciding to stay home with our kids. I have a picture of my dad playing golf with the vault in the background somewhere, I’ll have to see if I can find it.

derryb

Note that it said "monetary gold stocks" in the first sentence.

That settles it, Treasury Dept. agrees that gold is money.

1630Boston

asheland

Interesting!

jwitten

Here is the picture of my dad hitting a ball towards the gold vault!

johnny9434

I wonder if he tried for the building or maybe a window?

291fifth

Goldfinger ...

10000lakes

@johnny9434 said:
I wonder if he tried for the building or maybe a window?

Yeah, just don’t hop the fence to retrieve any balls hit too long over the green.

bob48

They say 4500 tons of gold is in Fort Knox, 147.3 million oz. Not sure how much is there.
Anyone else know?

RichR

You stole my "Goldfinger" line!

"No Mr. Bond...I expect you to die!"

But seriously, the film crew broke all kinds of agreed-to military stipulations and really got in at low altitude during filming.

winesteven

Most people don’t know this, but it’s true! There’s a lot more gold stored in the vault at the Federal Reserve in lower Manhattan than in Ft. Knox! It used to be open to the public with free tours, and decades ago I’d always bring my out of town guests there as part of the tours I’d give them in NYC. NEVER any crowds! I believe it’s closed now, after 9/11. They even made a popular movie about that place years ago, centered about robbing it.

1630Boston

@winesteven said:
There’s a lot more gold stored in the vault at the Federal Reserve in lower Manhattan than in Ft. Knox!

Is this the place, that WOULD be an amazing tour
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THE LARGEST ACCUMULATION OF GOLD in human history is located deep underneath the heart of Manhattan’s financial district, at the New York Federal Reserve Bank. Some 80 feet beneath sidewalk level, the Fed’s special vault is built into the bedrock and entrusted with deposits from central banks across the globe. Inside sits 7,000 tons of glittering gold bars—around 5 percent of all of the gold ever mined.

The only way into the vault is via a cylindrical entryway that rotates at the turn of a wheel. A sliver-shaped pie chunk of the cylinder has an opening, and when properly aligned with the entry hallway allows access to the treasure inside. Inside there are 122 separate mini-vaults (one for every country), plus a “library vault” for account holders with smaller deposits.

The Fed considers each gold bar to be non-fungible and unique because of variations in purity and weight. As a result, they carefully track each of the deposits, so if you give them a particular bar you can later retrieve that exact one.

The Fed’s gold vault doesn’t cater to millionaires and billionaires, though; its customers are sovereign nations. While the list of accountholders is a closely guarded secret, state-run banks like Bank of England, Banque de France, and Deutsche Bundesbank are likely clients. Foreign countries store their gold in New York because it’s a convenient and central location. One of the perks of a central deposit location is that countries can transfer gold amongst themselves by simply ordering bars to be transferred from one compartment to another at a modest handling cost of $2 per bar.

Perhaps the most amazing thing about the New York Federal gold vault is that it offers public tours (although the website says that new bookings are currently unavailable). That’s remarkable, considering the security at similar facilities like the Gold Bullion Depository at Fort Knox, which “bars” the likes of reporters, members of congress, and even former presidents.

1630Boston

And this may be the movie
https://youtu.be/SV-mY8BNSEE

johnny9434

@10000lakes said:

@johnny9434 said:
I wonder if he tried for the building or maybe a window?

Yeah, just don’t hop the fence to retrieve any balls hit too long over the green.

I wonder how many the have picked up over the years?