Friday , May 20 2022

Which city is the largest gold reserve in the world?



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Do you know in which city is the largest gold reserve in the world? We give you the answer in the data of the day.

Manhattan's heartbeat hides a great treasure. Because this city has the largest reserve of this gold metal all over the world. It is just two blocks from the iconic Wall Street in the basement of the New York Federal Reserve.

At this place in the United States, there are 25% of the gold bars on the planet.

The Federal Reserve Bank of New York
This is an image of the facade of the New York Federal Reserve. York and Sawyer designed this building.
Photo: Beyond my Ken

The largest stock of gold is largely owned by institutions such as the International Monetary Fund, only about 5% by the US government. The bank of the Federal Reserve Bank of New York was opened in 1924.

This reserve is protected by a large concrete bunker of 140 tons and three meters, which is 25 meters below ground.

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gold ounces
Gold is quoted at over 1300 dollars per ounce in 2019. Some estimates suggest that this metal could reach a price of $ 1,600 per ounce by 2020. Gold demand is growing almost always when there is uncertainty in the international market.
Photo: Getty Images
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