The Vault That Holds 5% of the World’s Gold
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Published 2023-12-07
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Video written by Ben Doyle
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All Comments (21)
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It's actually open to the public. They give tours. I did it once. The door cylinder not only rotates, it lowers, too. They demonstrate it with the tour group INSIDE the vault. There's a stack of bars displayed for the tourists to oggle. The tour guide says that you can try to take one, but all of their gaurds have awards for marksmanship.
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This is not half as interesting. This is fully interesting. (Also we need more videos about Bricks)
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First time I've been able to say "OMG I've been there!" for an HAI video! You can feel the claustrophobia when they close that vault door! A couple of other fun facts I learned on my tour: 1. The only two countries the FED will publically reveal as depositors is the United States and Iran. This is because the US confiscated Iran's gold after the Shah was overthrown in the 70s. 2. Vault workers wear special magnesium shoe covers because Gold bars of the national reserve kind are very dense, dropping one would probably break your foot. 3. You can touch the gold in the cages with your finger if they're small enough from the vault atrium. 4. How did I get to see the Vault? School groups of grades 7 and Up are allowed to tour the FED's Museums and Gold Vault (if the Vault is available for touring that day). Also a Vault Tour is included for high school students participating in the FED Challenge.
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HI Sam! Big thanks to Amy for being willing to break into the vault so she could get all of the footage for this video. She deserves more granola bars!
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What can be better than a video about bricks? A video about golden bricks!
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"Thousands of tourists and white-collar criminals walk down these streets every day." best line ever!
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This is the Lock Picking Lawyer, and today I have for you this 90 tons solid steel cylinder...
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I run the European central bank and I find this to be a great use of my valuable time.
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I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.
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Thank you! I am actually working as the top man of the German federal bank and had no idea where our gold was, so thanks!
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One of the other reasons The Netherlands has gold overseas is because they don't want that gold to be stolen if the country is invaded, like what happend to the gold left in The Netherlands during WW2.
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Is gold really worth it to buy ? In terms of the short term considering taxes and overall cost of upfront purchase then trying to resell when I actually need the liquidity, is physical or gold stocks more worth the cost ? Because it seems to be when people speak of gold their not being specific to the short term or Long term approach to justifying the purchase. Let me know your thoughts , thanks anyone
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Security guard 1 looks around nervously Security guard 1: So guys... I was thinking... How about we just take a little bit? Security Guard 2: Yes! Auditor: Oh my god, finally you asked, YES!
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I toured the vault in 2003, and they said the people in the vault didn’t feel the twin towers fall four blocks away.
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The FBI interviewed the director script writer of Die Hard 3 because the heist plan to rob the Federal reserve of New York was so realistic. Sad this wasnt mentioned
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I had a friend that was hired as security for one of the federal reserves he said it was the most absolutely boring job of just sitting in a room with no windows staring at locks rooms
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Anyone else first learned about this place because they saw Die Hard With A Vengeance?
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So that part in Die Hard with a Vengeance where they are stealing the gold in a vault in NYC is based on a real vault. This is more than half as interesting.
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The UK's Bank of England is the second largest gold vault in the world after New York. It operates in exactly the same way.
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Or as most people know it… the gold vault from die hard 3… still one of the best heist movies of ALL time