Conspiracy Theory: There’s 6,350 Tons of Gold Under New York City…

Conspiracy Theory: There’s 6,350 Tons of Gold Under New York City… by Rory – The Daily Coin

Wonder why Yahoo has been told to publish an article on the Federal Reserve Bank New York’s gold vault? None of the vaults under the watchful eye of the Federal Reserve have been audited since 1953 other than a glimpse behind one of the doors, at Ft. Knox, in 1974. Other than that we have no idea what’s in any of these vaults – dust, chemical weapons, chocolate bars, gold or unicorns. We have no idea. 65 years is, literally, a lifetime ago.

We know that the last credible, examination of Fort Knox’s gold was sixty-one years ago, 1953. Rumors and reports that gold was being bled from Fort Knox to help pay the bills of WWII and the Korean War caused Dwight Eisenhower to reassure America its gold in Fort Knox was still safe. There is no evidence that inspection was a thorough audit (reports said it was a spot check of 5% of the gold), but final reports decided all was in order.

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This time, the government was ready. It would spend a theatrical afternoon showing off some gold without revealing anything. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. Source – Sound Money Defense League

The Federal Reserve actually denied the government of Germany access to their gold in this bank in the vaults Yahoo News is describing.

Just two days ago Zerohedge had an article about the German court demanding, Germany’s gold be viewed and accounted for. 
Portions from above:

Germany has the second largest gold reserves in the world, nearly 3400 tons. Supposedly, anyway. Because stocks have never been checked for authenticity and weight. Now, the Federal Court has asked the Bundesbank to examine the gold reserves abroad regularly.

The German central bank gold is safely stored in vaults in Frankfurt, New York, Paris and London. Checked really but apparently no one. The Federal Court has the Bundesbank now anyway required regular inspection and inventory of the vast gold reserves abroad. The auditors explain this in a report on Monday has become known to the budget committee of the Bundestag with the “high value of gold holdings.”

The samples stored at other German banks stocks were also never by the Bundesbank itself or by other independent auditors “added physically and for authenticity and weight” checked. Actually talk on the subject numerous theories – so should the U.S. gold reserves at Fort Knox have long been looted. Source

We did have Secretary of the Treasury, Steve Mnuchin, along with his trophy wife, stop by Ft. Knox last year long enough to tweet out “gold is safe”. Well, we already know “gold is safe”. We, the precious metals community are well aware of gold being fine. How much gold is in the vault is what we want to know. Got any answers? No. Okay.

The latest propaganda piece created to give you the warm and fuzzies about gold being held in your name.

About 80 feet below Wall Street lies about 6,350 tons of gold, made up of about 508,000bars, that are collectively worth hundreds of billions of dollars.

According to ‘Key to the Gold Vault,’ a Federal Reserve Bank of New York (FRBNY) publication, the gold vault in the New York Fed’s basement “is the world’s largest accumulation of gold and belongs to 36 foreign governments, central banks, and official international organizations.”

Those depositors need to make sure their stash is safe.

There’s only one way to get into the vault: a 90-ton steel door that spins in a cylinder motion to open the accessway. When any compartment inside the vault is opened, three people, including one New York Fed auditor, must be present to ensure that the gold is safe.

The main door for the New York Federal Reserve gold vault. (Photo: New York Federal Reserve)

When gold enters the vault, the New York Fed uses an old-school scale to weigh and value the gold bars. The gold is then stored in individually-numbered lockers secured by three locks.

Gold vault holds ‘the world’s largest accumulation of gold’

At the time that the main vault opened in September 1924, “foreign-owned gold on deposit was valued at $26 million.” As of August 2017, that amount has dramatically increased to between $240-260 billion worth of gold. Source – Yahoo Finance

You are, of course, welcome to believe what makes you sleep best at night, but I’m going to hold on to my cynicism about the gold being safe and their being 8,300+ tons of gold being held by the Federal Reserve. Call me a conspiracy theorist if you choose, but given the track record of the federal government, the privately owned Federal Reserve Bank and corporate media it seems a little foolish to believe anything these known liars have to say. If the gold is there then conduct a full audit. The cost is pennies in comparison to what the government spends ON AN HOURLY BASIS. Even if the cost were in the neighborhood what we spent on the Mueller investigation – estimated to be close to $25 million – that would be equal to less than 4 minutes of spending in 2010 Federal Reserve Notes.

Let’s put that number in context. There are 365 days in a year, 24 hours in a day, and 60 minutes in an hour. That adds up to a total of 525,600 minutes. Divide that figure into the $3.6 trillion in FY2010 spending and you find that the federal government spends about $6.85 million per minute. Source – CBS News

Got physical gold in your possession? If not, you have a problem.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.