What Is The Size Of The Football Field latest 2023

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The Largest Gold Vault in the World

The largest gold vault in the world is located in New York City, just blocks from the bustling world of Wall Street. Many people walk past the Federal Reserve Bank every day, unaware that the underground vault contains over 540,000 gold bars belonging to 48 different countries as well as 12 international organizations.

The bank’s vault is buried deep beneath the city streets, and the gold in the vault alone (it contains other valuables) is valued at over $200 billion. It sits 30 feet below the subway system and rests on bedrock about five stories below ground. The gold in the New York Federal Reserve vault is greater than any vault in the world, including Fort Knox.

Surprisingly, the US government does not own much of the gold in this vault. Only about 5% of the US supply is stored here, while the bulk resides at Fort Knox and other locations around the country. Reserves store all gold for free for its tenants, but countries that deposit gold here must pay $1.75 per bullion when moved. Considering that this vault holds 25% of the world’s gold reserve, making it the largest in the world, and even larger than the annual economy of the United Arab Emirates.

The building looks like any other office building in the Financial District area, but the surface appearance actually hides what looks more like a medieval fortress on the lowest three floors. These floors have large iron bars covering all the windows, and there is a circular shaped tower at the top of the building. Armed guards roam the area at all times with automatic weapons, deterring anyone from thinking of trying to pull off some fun business. The Golden Vault is only accessible through a 10-foot passage cut into the cylinder, which is made of 90 tons of steel and sits in a steel and concrete frame.

There are no cameras allowed in the safe and people cannot take anything with them into the safe. With all the cameras, walls, and guns, you’d think it’s secure enough. The vault is half the size of a football field and was lowered into bedrock three years before the building was completed in 1924. It is surrounded by solid rock on all sides and can be sealed to the air and water if necessary, too. More than 180 tourists are driven through the vault every day, so it’s not a super secret place. However, it is the largest and most secure gold vault you will come across anywhere in the world.

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