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Monday, February 24, 2014 7:11:26 AM
"Even worse, Goldman were charging customers storage fees for the gold that didn’t exist."
http://www.survivalistboards.com/showthread.php?t=337325&page=2
http://money.cnn.com/2011/06/24/news/economy/ron_paul_gold_audit/
www.newyorkfed.org/aboutthefed/goldvault.html
"Much of the gold in the vault arrived during and after World War II as many countries wanted to store their gold reserves in a safe location. Holdings in the gold vault continued to increase and peaked in 1973, shortly after the United States suspended convertibility of dollars into gold for foreign governments. At its peak, the vault contained over 12,000 tons of monetary gold. Since that time, gold deposit and withdrawal activity has slowed and the vault has experienced a gradual but steady decline in overall holdings. However, the vault today remains the world’s largest known depository of monetary gold.
As of 2012, the vault housed approximately 530,000 gold bars, with a combined weight of approximately 6,700 tons. The vault is able to support this weight because it rests on the bedrock of Manhattan Island, 80 feet below street level and 50 feet below sea level."
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