Don’t Worry Germany – Your Gold At The New York Fed Is Safe And Sound

HAHAHAHAHAHAHAHAHAHAHaaaaa (hollow evil laughter)

The hurricane water surge has come and gone, devastating downtown New York, but one place, the one that represents the deepest hole burrowed south of Houston street and literally lies on the New York bedrock 80 feet below street level, is safe and sound. The place, of course, is where over 20% of the world’s tungsten gold is stored. Especially that of Germany (wink wink). And Germany, whose central bank was recently caught in a series of official disclosure faux pas as described here in regards to its official gold holdings, can rest assured that nothing that hasn’t already happened to its gold, happened last night.

As the WSJ explains:

The Federal Reserve Bank of New York‘s downtown office remains open for business and unharmed by Hurricane Sandy, a bank spokesman said Tuesday.

The spokesman said the facility located on Liberty Street in lower Manhattan remains secure and suffered no flooding. The New York Fed is the U.S. central bank’s key point of contact with financial markets, and its castle-like construction is also the repository for a substantial amount of gold.

In other words, those who believe that the vault of the NY Fed contains over 20% of the world’s gold, can continue doing so.

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2 thoughts on “Don’t Worry Germany – Your Gold At The New York Fed Is Safe And Sound

  1. three things make me wonder if the human race has been hijacked by malevolent aliens.
    one is the amazing way the world’s gold has been gathered and concentrated by the Fed, and the success and survival of the Fed for almost a century is a marvel in itself.
    the second thing is the astonishing speed at which mankind has changed from an ultra-conservative species who chipped stone tools exactly the same way for millennia, allowing development only infinitely slowly, suddenly with breathtaking abandon into a flipperty-gibbert butterfly which is pleased to skip from one shallow fashion to the next, and in the blink of an eye has turned the half dozen greatest nations on earth into a monolithic weapons factory, not at all useful for its own survival.
    and the third thing was the best one but, strangely, my mind has just gone completely blank………

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