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The vault is used to store a large portion of the United States' gold reserves as well as other precious items belonging to or in custody of the federal government. It currently holds roughly 147 million troy ounces (4,580 metric tons) of gold bullion, a little over half the total gold presently held by the federal government. [2]
Aerial view of the Bullion Depository. Godman Army Airfield can be seen in the background. The United States Bullion Depository, often known as Fort Knox, is a fortified vault building adjacent to the Fort Knox Army Post. It is operated by the United States Department of the Treasury, and stores over half the country's gold reserves.
America's gold stockpile has fueled curiosity and more than a few conspiracy theories. What's really inside Fort Knox? The golden secrets of the US Bullion Depository revealed
Inside the vault are 122 gold compartments, each containing the deposits of one account holder, as well as various shelves for smaller account holders. The account holders are identified by numbers for anonymity. [30] [42] [47] Gold bars are weighed and tested for purity whenever they are deposited. [47] The Fed charges $1.75 to move each bar ...
A gold vault in New York. Vaulted gold denotes gold bullion stored in bank vaults. [1] Buyers of vaulted gold obtain outright ownership of the physical gold which is held for them in a vault. This is unlike structured gold products such as Gold based exchange traded funds (ETFs) which only reflect the price of gold while the investor has no ...
The vault (designed by Frederick S. Holmes) is the largest known and confirmed gold store in the world, and holds approximately 7,000 tonnes (7,700 short tons) of gold bullion, more than Fort Knox does. The gold does not belong to the bank, which transferred all of its domestic gold reserves to the Treasury under the Gold Reserve Act of 1934.
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