Answers to Questions You've Never Asked by Joseph Pisenti

Author:Joseph Pisenti
Language: eng
Format: epub
Tags: REFERENCE/Questions & Answers
Publisher: Mango Media
Published: 2017-10-28T16:00:00+00:00

What Is Really Housed in Fort Knox?

Gold, of course. Lots of it.

Fort Knox, also known as the United States Bullion Depository, is a military base located in Kentucky. The reserve has about 147.3 million ounces of gold, which is valued at about $187 billion as of this writing. (The worth fluctuates as gold prices shift either up or down.)

As hard as it may be to believe, Fort Knox is not considered the largest gold reserve in America. In New York City, located under the subway system, are 508,000 gold bars managed by the Federal Reserve Bank of New York. The New York Federal Reserve does not own the gold or allow private account holders, but rather, safeguards it for account holders such as the U.S. government, foreign governments, central banks, and various international organizations.

Perhaps in the next James Bond film the villainous Goldfinger will make a comeback and attempt to rob the New York Federal Reserve instead of Fort Knox.

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