The Largest Gold Vault in the World
Gold is one of the most prized elements on the planet. It has been used throughout history as a sign of power and wealth, adorned in jewelry, and even used in practical applications that use its anti-corrosive properties. But since there isn’t much of it sitting in the ground, it has become a rare commodity, and it has to be held safe and secure. There is one place where the most gold on earth sits, and it is the largest gold vault in the world.
If you had to guess where that place was, your first choice might be the famous Fort Knox, in Fort Knox, Kentucky. That gold-depository is huge, but there is one that is even bigger. It sits in a place you might not think would be a usual site to store gold, but this place is a fortress. On the southern tip of Manhattan in New York City, the vault of the Federal Reserve Bank of New York sits buried five-stories underneath the city streets. Its vault holds roughly $350 billion worth in gold, but this has fluctuated in the previous six years. Its exact amount is not known. In comparison, Fort Knox holds approximately $130 billion in gold.
The gold inside the New York Federal Reserve Bank holds 25% of the world’s gold reserves, and much of the gold…
