🏦 The bunker on Liberty Street: Why does the world keep its gold in New York?
25 meters below the surface of Manhattan, the Federal Reserve (Fed) guards the planet's largest treasure: more than 6,300 tons of gold. It's not just metal; it's the backing of entire economies.
📍 Key data about the bunker
Extreme security: Protected by a 90-ton steel cylinder that, once closed, cannot be opened until the next day.
Record figure: Houses more than half a million bars, valued at over 1 trillion dollars (approx. 4% of U.S. GDP).
Global ownership: A large part of this gold belongs to foreign central banks, not to the U.S.
🇪🇺 Why does Europe want its gold back?
Historically, European countries entrusted their gold to the Fed for safekeeping during the Cold War. However, in recent years, countries like Germany, the Netherlands, and France have initiated repatriation processes.
What are the reasons?
National sovereignty: Having the asset physically at home in case of a systemic crisis.
Trust: Given geopolitical volatility and inflation, central banks prefer direct control over their "safe-haven asset."
Transparency: Audits and verification of physical reserves.
In an increasingly digital world and with the rise of cryptocurrencies as "digital gold," the movement of physical gold remains a crucial thermometer of geopolitical trust.
Do you think physical gold is still the ultimate safe haven, or will Bitcoin end up taking its place in the reserves of central banks? 👇
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