As of 2008, the Federal Reserve Bank of New York housed $200 billion worth of the precious metal, according to ABC News reporter Scott Mayerowitz. In his report, Mayerowitz stated there were roughly 540,000 gold bars in the vault…
More than can be found in Fort Knox.
In fact, this particular vault contains almost 25% of the world’s gold reserves.
Of that amount, very little actually belongs to the United States. The 540,000 gold bars in the vault belong to 48 foreign central banks, as well as 12 international organizations.
Only 5% of the United States’ gold is stored there. Continue reading →