Wednesday, July 21, 2010

Federal Reserve Won't Allow Photographer to See Gold Allegedly Being Stored in NYC

by Daniel Terdiman

When my friend told me he thought there was a chance he could help me get to see the largest deposit of gold on the planet, you might say I was a little excited.

It's not that I hadn't seen the visceral representation of massive wealth up close and personal, and even recently. After all, only last month, I got a behind-the-scenes tour of the U.S. Bureau of Engraving & Printing's production line of the brand-new, next-generation $100 bills, and found myself staring at $38.4 million in cash.

And not long after that, I was at the U.S. Mint in Philadelphia watching coins get made and was standing in front of $250,000 worth of shiny new quarters.

But the biggest collection of gold on Earth? Oh, yeah, I was going.

Unfortunately, this was all happening on my Road Trip 2010 swing through the Big Apple, and I was trying to arrange it on the shortest of notice. And, it turns out that the Federal Reserve Bank of New York--where the gold is held--doesn't allow anyone, including press, to photograph the massive stores of bullion. So, in the end, I didn't get a chance to see more gold than is held even at the U.S. Bullion Depository, otherwise known as Fort Knox.

Read the rest here.

1 comment:

  1. If the Fed doesn't have the gold you'd have to believe this would be something of an "open secret" amongst the international CBer/financial elite crowd.