National Geographic has released an intruiging documentary inside some of the world’s largest and most secure vaults- including the NY Fed’s gold vault:
For over 80 years, armoured cars have navigated Manhattan’s narrow streets carrying millions and sometimes billions in gold deposits- in and out of the one bank trusted enough to guard almost one-quarter of the entire world’s gold supply. You heard it right. Nearly 25% lives here at 33 Liberty St.
The cameras roll following a $55 million gold delivery into the NYFed, and 5 floors below street level onto the Manhattan Island bedrock itself.
Between the Treasury Dept’s recent release of their internal gold audit of Treasury gold held at the NY Fed and the following propaganda video tour, The cartel doth protest too much methinks.
National Geographic’s full documentary on the NY Federal Reserve Gold Vault is below:
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Mainstream Media Propaganda BS for the Sheeple (“Aw, see they have all our gold, USA is safe, nothing to worry about”)
If they can let camera crews in to film this BS, then why don’t they let in the Germans to check their gold? DUH!
Couldn’t agree more. Complete unadulterated hogwash propaganda.
“It’s like a scene out of the film Wall-E, but they are moving CASH instead of TRASH” That’s a matter of opinion.
They talk about the durability of the physical note….but fail to mention anything related to the durability of its VALUE.
The new GOLD $100 bill???? Ten years in the making but yet they still can’t iron out the wrinkles? Hmmm, possibly holding it back until after some EVENT do you think? When the backing with real Phyzz is once again introduced to some degree?
“If they can let camera crews in to film this BS, then why don’t they let in the Germans to check their gold? DUH!”
EXACTLY! Their reason for not letting the owners of gold enter the vault was because of “security concerns”. What utter nonsense! As owners of over 1500 tons of gold, supposedly held in the vaults of the NY Fed, the German Gov reps have EVERY right not only to see their gold but also to test it for weight and purity and have it transferred into their custody ON DEMAND. Well, they demanded but they did not get! Instead, they got some song and dance BS that would not fool most 10 year old kids. That the Fed banksters thought that the Germans would actually believe their BS is a tremendous insult.
Knowing the Germans as I do… lots of German blut in my family background… they were not fooled for an instant, were highly insulted, and immediately began planning some kind of pay-back operation. Not sure what that will be but when it comes it will be a real zinger.
The only folks buying this crap are the uninformed and distracted. If there really is 25% of the world’s gold in that vault, why can’t they simply ship out Germany’s ‘share’?
The question of whether or not the banknotes are ‘backed’, isn’t the most critical consideration in fact. It’s the essential effect of money on price ratios. When money is metallic (evolved over millennia as the most appropriate good) its natural and market derived supply-demand condition rationally interacts with the supply-demand conditions of everything else in the market. That ‘Invisible Hand’ serves to automatically equilibrate the most optimal price ranges (ratios) throughout the entire economy.
The normal crowd of lurkers here know all this, but I reiterate for ‘newbies’. That’s why …
Paper Rots, Coin Does Not.
Been allocated already? We don’t know the contractual obligations of delivery. I will only worry about this situation when the Fed fails to deliver.
Too true Pat.
Interesting to note that finally I have a ball-park answer to “Who owns the Gold at the Fed ?”, about 4:00 odd minutes in, they put up on the screen that “Most the Gold at the Fed is owned by other countries.”
So making an assumption on the English language and grammar, I expect most would be a sizable portion, not half. I asked the kids if they saw someone eat most of the icecream (standard stock-in-trade for teenagers) then they believed that would be at least three quarters.
Mark, we may not know the “contractual obligations” but it is pretty easy to do the math on the numbers – 6000 plus tons owned by other countries and around 2000 tons owned by the US.
If Germany asks for half the Gold back which the Fed is “looking after” and is offered a fifth over 7years then I would say that is a failure to deliver.
Oh boy, aren’t they in the poo up to their armpits!
BTW – Maybe J P Morgan & his Friends could run to the aid of the country again. LOL, swallow that one without a drink.
Wonderful, wonderful propaganda!
And with that lovely adour of amateurism about it. They really are too arrogant to hire people with skills to actually convince independently thinking people.
I understand that there may be some propaganda, but I’d say that the gold part was pretty real. Except that they weight gold with the worst tool possible. And they didn’t check any purity. I mean ok it’s tough to check purity but when you hold that much it’s a must.
Indeed to check these bars you must do a hole inside.
And I learnt something: the northkorean superdollars.
What is X-Ray Fluorescence (XRF)
An X-ray fluorescence (XRF) spectrometer is an x-ray instrument used for routine, relatively non-destructive chemical analyses of rocks, minerals, sediments and fluids. It works on wavelength-dispersive spectroscopic principles that are similar to an electron microprobe (EPMA). However, an XRF cannot generally make analyses at the small spot sizes typical of EPMA work (2-5 microns), so it is typically used for bulk analyses of larger fractions of geological materials. The relative ease and low cost of sample preparation, and the stability and ease of use of x-ray spectrometers make this one of the most widely used methods for analysis of major and trace elements in rocks, minerals, and sediment.
“Indeed to check these bars you must do a hole inside.”
Not necessarily. A much better and non-destructive test uses an ultra-sonic probe to send a high frequency sound wave through the bar and measure the speed of its return. By knowing the bars’ dimensions, the metal type can be determined. The speed of sound in tungsten, for example, is almost double that of gold. While the speed of sound in tin is close to that of gold, its density is not. It is also possible to generate images of the inside of PM bars via this same technique.
See: http://www.goldmoney.com/news/goldmoney-introduces-ultrasonic-gold-bar-testing.html for more details.
Yawn! Please bring something else to the table this Saturday Morning…
I was amazed at the way that they make Gold Brick walls. They made a good point of protecting their feet, but if your stacking that much that high, where are the helmets?
Also they don’t move that stuff about too often, else it would be on shelves like in the BOE. Never have I seen gold stacked in that fashion. Not very effie
The three locks on the first door made me chuckle, two keys for the door, and then that piddly pad lock for the bird to feel important. etf!!?
Most of that gold is fake and the real stuff is over at JPM
LMAO right of the bat their calling Fiat Money. Lol He say’s, ” few countries have asked about their gold as they are so trusting.” Lmao
Man what a joke this video is but I guess it will impress the Sheepee. Lol Home Loans paid with interest to the Fed. Lmao
I think the Fed screwed up by talking to the guard with the gun when he said, O yea we need our guns because of the standards the bad guys have set. Lol That’s why we need our guns. Lol
“I think the Fed screwed up by talking to the guard with the gun when he said, O yea we need our guns because of the standards the bad guys have set. Lol That’s why we need our guns. Lol”
Exactly, Charlie. It is no accident that the people who keep telling us that we do not need guns for protection are ALL surrounded by heavily armed guards… with GUNS!
Check this story out about JPM’s vault in New York which is the largest commercial vault in the world. it’s right next to the New York Fed no doubt with an interconnecting tunnel.
http://www.zerohedge.com/news/2013-03-02/why-jpmorgans-gold-vault-largest-world-located-next-new-york-fed