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The largest _private_ gold vault. The Federal Reserve Bank of New York is meant to be the largest (there may be more in Swiss banks) holding about 7000 metric t
by iamben 10y ago
The largest _private_ gold vault. The Federal Reserve Bank of New York is meant to be the largest (there may be more in Swiss banks) holding about 7000 metric tons (apparently).
- avar 10y agoWhich is around $280 billion, or about 1.5% of us GDP.
- nickjarboe 10y agoIf the world decides to leave fiat currencies and return to gold, the value of gold will be much (10x?, 100x?) higher.