The Federal Reserve Bank of New York holds the world's largest gold depository, guarding bars worth over $18,000,000,000,000 at current market rates. This underground vault sits on Manhattan's bedrock, securing 6,330 tons of bullion as a critical anchor for global and American financial stability. #NewYorkGold #FederalReserve #GoldStandard #FinanceFacts | Gold USD
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The New York Fed’s gold vault is on the basement floor of its main office building in Manhattan. Built during the construction of the building in the early 1920s, the vault provides account holders with a secure location to store their monetary gold reserves. None of the gold stored in the vault belongs to the New York Fed or the Federal Reserve System. The New York Fed acts as the guardian and custodian of the gold on behalf of account holders, which include the U.S. government, foreign governm
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Beneath the streets of Manhattan, the Federal Reserve Bank of New York secures over 6,300 metric tons of gold in its bedrock vault. Valued at roughly $450 billion at current market rates, this massive depository holds the wealth of dozens of foreign nations, making it a vital hub for global finance. #NewYorkGold #FedVault #GlobalFinance #GoldReserves | Erna Mulyani
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