The Federal Reserve Bank of New York’s underground vault supposedly holds 7,716 tons of gold bullion – most of it in trust for foreign nations, central banks and official international organizations. The United States Bullion Depository, known as Fort Knox, is a fortified vault located within the United States Army post of Fort Knox, Kentucky, and used to store a large portion of United States gold reserves. But how much gold is really in these massive vaults – and how easy is it to withdraw reserves?
The European debt crisis caused the Federal Bank of Germany to bring home Germany’s gold reserves – but it hasn’t been very easy – leading to widespread speculation of monetary foul play by the United States.
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