The Vault That Holds 5% of the World’s Gold
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- čas přidán 6. 12. 2023
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Video written by Ben Doyle
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This is not half as interesting. This is fully interesting. (Also we need more videos about Bricks)
this is kinda about bricks (of gold)
Sam mispronouncing "Nassau" won't stop us from finding the gold cause we can read th street name signs, me and my bricks (I mean soup for my fam) are on our way to liberate their (gold) brick cousins
Nah only like 6 mins. Full as interesting videos are all over 10 mins.
Bricks!
I must watch too much Mission Impossible. I found myself going, "OK if I want the gold, I'd need to blast here, dig there, evade the lasers..." 😂
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.
You are in for a nasty surprise, my friend. Gold is often hailed as a hedge against inflation-increasing in value as the purchasing power of the dollar declines. However, government bonds are more secure and have shown to pay higher rates when inflation rises, and Treasury TIPS provide built-in inflation protection.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
“SONYA LEE MITCHELL” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
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.
That’s so cool
Thats a brutal flex
I went too years ago. They gave $50 in cash to everyone at the end! Unfortunately it was no longer usable and shredded!!😂
wait what? they gave you shreddded cash?@@michaelcheetham
I did the tour it's still amazing
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!
😂
Now all of the criminals and terrorists knows ❗
What can be better than a video about bricks? A video about golden bricks!
More bricks
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.
That's crazy. :D
I feel like the shoes became a standard thing because it had happened multiple times lol
2. Any (at least somewhat pure) gold is very dense, that's one of gold's main properties. And any large amount of dense metal can break your foot, obviously
Wait the us stole all of irans gold?
Confiscate... gold? It's not a weapon how does that make sense? Can the US just confiscate money? Was it obtained illegally? If it was why did the us take the gold instead of an international group like the un for international law or the country it was actually taken from? That's so insane actually.
This is the Lock Picking Lawyer, and today I have for you this 90 tons solid steel cylinder...
So much yes!
That was my thought as well. Maybe needs a bit of help from Bosnian Bill as well on this job.
What tool tool from Covert Instruments will he be using? I’m assuming a special tool that he created along with/ Bosnian Bill.
@@Bob_Smith19 LPL will probably need more than a wave rake or a piece of a Red Bull can, tho. And even the TTBBAIM (The Tool Bosnian Bill And I Made) is probably not good enough, either.
Naturally :-) @@Bob_Smith19
"Thousands of tourists and white-collar criminals walk down these streets every day."
best line ever!
Don't forget Simon Peter Gruber!
Within the first 10 seconds of the video, no less
so edgy
I had to pause when he said that, just to stop and appreciate the joke.
@@Inspadave Facts aren't edgy.
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.
It's still in a foreign vault full of German gold though, so not much has changed in that sense.
there goes my plans
As did the U.K. sent a lot of theirs to Canada.
So this begs a very obvious question...
...What happens if the United States gets invaded? 🤔
(We used to ask the same question about the UK too, but 2016 solved that problem... 😉)
@@dieseldragon6756 an obvious answer-
Mutually assured destruction via nuclear holocaust
I run the European central bank and I find this to be a great use of my valuable time.
can I get my money back?
TIL the European central bank is run by a brony from Maryland. No wonder we have issues here.
@@TripleOmega Shit, I forgot that I did not log out of my kid's account. He goes to a private school outside of Washington D.C. Don't know where the pony stuff or whatever came from
Madame Lagarde, I didn't expect you in this comment section!
I run the central bank of South America and I just took a break from watching tik-tok all day to check this video out before doing a bit of masturbating.
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
Only worth it for your long long term investment, short term a guaranteed loss. It's all manipulated and so is Mike bias on gold because that's his business. Always keep that in perspective.
For sure I thought so, it seems to be a good hedge against inflation in the long term, thanks for your feedback.
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
Wow, that's really impressive! I could definitely benefit from the guidance of an investment advisor since my portfolio has been stagnant lately. Would you be able to share the name of the advisor who's been guiding you?
@@hasede-lg9hj Could you kindly elaborate on the advisor's background and qualifications?
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!
Is this true? if so that is so cool, altho I can't tell if this is sarcastic or not.
@@ReactaDev this was obviously a joke
@@Jules.D I figured, but was not 100% sure lol.
Na denn, glückwunsch! XD
Looking at the videos this Channel has posted I’m gonna assume it’s cap
_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!
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
Hollywood has better imaginations than federal bureaucrats, how surprising 🙄😅😅
uh because they make movies and the feds do their government stuff @@scottanno8861
I toured the vault in 2003, and they said the people in the vault didn’t feel the twin towers fall four blocks away.
At first i read this as "I torched the vault in 2003" lol
@@confusion8579 That would've been interesting. 😂
You probably won't realise even if a meteorite hit the earth
I wonder how safe it is from a nuclear strike.
From the blast? I'm sure it's safe. From the debris blocking your exit until you died? Probably not. Even if you did get out what are you doing about the radiation?@@cucuawe465
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
Sounds like a dream
And probably not even allowed to listen to a podcast or music while doing it. Or read a book
@@aBitterMelon More like a nightmare lmao. There's no up to that job.
Yeah, probably no WiFi, I would imagine. @@MrJimheeren
@@bubber621secret services handles anti counterfeiting and anti executive assassination attempts duties
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.
Fun Fact: the plot of that Die Hard was so plausible the FBI contacted the screenwriter about how accurate the information he had was and where he got it from
I was about to also comment about whether or not this was the vault from Die Hard 3, that was my first thought when he mentioned gold under Manhattan
@@Nova3482 interesting
I did hear that they would need 400 dump trucks to move all of the gold instead of the 14 in the movie
Anyone else first learned about this place because they saw Die Hard With A Vengeance?
✋
"Fort Knox....is for tourists"
It's actually a documentary with your host, Jeremy Irons 😂
Doo doo doo doo.. doo doo.. doo doo.. doo doooooo..... doo dooooooo...
Or as most people know it… the gold vault from die hard 3… still one of the best heist movies of ALL time
IMO the last 'good' Die Hard movie.
Jeremy Irons made it look so easy.
@@Coyotek4 almost exactly a year ago I started listening to Johnny comes marching home non stop. Both the die hard and old (with lyrics) version and I still to this day listen to it constantly. Such a banger from such a good movie
I like how you made it all the way to the end without mentioning Die Hard 😂
Fr!
The movie is older than him actually.
@@soundscape26 😄😆🤣
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.
It's also under a doughnut shop?
@@WanJae42 it's the UK it's under a pub.
@@WanJae42 Oh no! It's a somewhat classier operation than that don't you know! Smart suits, briefcases, umbrellas, bowler hats and... and ... *doughnuts*? The very idea!
That may have been the case once upon a time, but since the events of 2016 I wonder if there's even a single Sovereign left in there now... 🏚
(And I don't mean His Majesty when he's inspecting the space and considering the ways it could be repurposed... 😉)
@@dieseldragon6756 I went to their website before making the assertion. I assume they know their own business.
You may not like Brexit any more than the Establishment does but don't let your political philosophy cloud your judgement.
What I love about the US economy is most of its dollar bills actually sit in the City of London (in the city of London (in Greater London)).
I'm going to need a bit of context for that
@@scotandiamapping4549Basically the old City of London is a tiny city within greater london with special laws conserning it, making it a trade hub. Also it has a Lord-Mayor dressing in fancy clothes.
@@velenteriushendeneros3251 no I know what the city of London is. I meant I wanted context on why most US dollar bills were in it
@@scotandiamapping4549 Well, I would imagine it is the fortunes held in the cities banks.
@@scotandiamapping4549 The US dollar is the world's currency, and the City of London is the world's money laundering hub, so I'm not surprised the dollars would end up there.
The heist in Die Hard with a Vengeance was exactly to steal this gold, but HAI just showed us that the vault not as shallow as it was in the movie. Mildly interesting, I guess
"Mildly Interesting" sounds like a winning CZcams channel name!
@@61rampy65 from what I know, it is a popular thread in Reddit
Well tbf they show that tunnel digger digs into the top of the vault, so tgey could have been drilling from the subway station downwards.
What a nice video about bricks. More specifically, about 5% (by mass) of premium bricks made out of gold.
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You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
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'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.
@0:05 "Thousands of tourists and white collar criminals walk down these streets every single day" lmao
It makes sense that the dog digging for gold is a golden retriever. Was this on purpose or just a choice to include the sweetest most beautiful dog that looks cute?
a few years back I heared a story how germany wasn't so sure all their gold was in good hands so they needed to go through a lot of trouble so they could count their actual gold bars in the vault.
This is true. In 1998 the German Audit Office was not so sure that the US Fed, the Banqe de France and the Bank of England were really honest with the purity and the weight of the stored gold bars. And it took a suspiciously long time to grant the German Auditors access to the US Gold Vault. So they brought back around 1500 tons of gold from these storages.
@@Skoell1983Sounds like a conspiracy theory, do you have any sources?
Yes, some gold was brought to Frankfurt, but "only" 300 tons from NY, with more than 1200 tons remaining there. The question is whether the reason for that was suspected or actual mishandling by the US (and French) reserve banks.
That's certainly not the official take. If it were, why would most gold be left there? (Oh, probably because it was *stolen* by certain elites, but the government is covering it up? Is that it?)
The official reason for the redistribution was that the Paris deposit was no longer necessary due to the common currency between Germany and France (the gold being used to trade for foreign currency), plus the wish to keep 50% of the gold local in Frankfurt to increase the nation's confidence in its central bank (in the context of the Eurozone debt crisis).
Source: AFP citing the German institutions - faktencheck.afp.com/doc.afp.com.33R24DF
@@Skoell1983 The stated amount of gold is not there.
True
Whichever unpaid intern came up with the skit of the dog tunneling into the gold vault and being arrested is a real gem
I already knew most of this from an excellent documentary called Die Hard with a Vengeance
Extremely interesting video, I enjoyed all of the background tidbits a lot, such as numbered accounts for countries. Please do more banking-related videos, I don't know enough to start a central bank (plus would need to found a country for it) so there is still a lot of territory to cover here. Excellent use of time.
Very timely video Sam! This provides some very interesting background information to the greatest Christmas movie.
"thousands of tourists and white collar criminals" lol😂
For further information, please watch "Die Hard with a Vengeance"...Also watch this if you've like to solve the 2 water jugs riddle.
They do public tours! Or at least used to, went down to see the gold myself back in 2012--neat tourist activity if you're into seeing the largest gold reserve in the world and learning a bit about the federal reserve on the side.
The second half of this video is seriously just the preplanning stage debrief of a heist movie. I kinda love it.
Nice, but anyone who watched Die Hard with a Vengeance knows all of this!
Agreed. Also their plan in that movie was so good, the fed and the secret service got concerned and made changes to security based on it.
Fort Knox? Ha! It's for tourists.
Having seen that movie kind of out us as 30-50 year old CZcams commenters :-)
@@randomgeocacher Bruh I'm 22 and I've seen Die Hard with a Vengeance. It appeared on TV 2 weeks ago in my country. Also fun fact, here its not called Die Hard with a Vengeance. Its called "Die Hard: Mega Hard" over here in Europe.
now i know which building to rob, thanks so much sam!
I’m about to make so many Die Hard With a Vengence references in my head
John McClaine has entered the chat.
Once again half as interesting delivers a video about bricks. They may be made of gold, but they’re still bricks. Subscribed.
Die Hard with a Vengeance taught me about this when I was a little kid.
I’m a Fed employee and have toured this vault. It’s an absolutely impressive operation.
Love your videos, AND you mentioned Taylor. Keep up the great work!
"thousands of tourists and white collar criminals" lmao
“White collar criminals” 😂
I love that I live in a world where HAI releases videos, thank god for this channel
3 gentlemen named franklin,micheal and trevor are really interested in this one
Finally a video about bricks (gold bricks)
Alright boys, the plan is simple. I need a federal auditor, and two security uniforms.
Who's game? ☺
We are going to plan for 9 months
Half as Interesting, This is awesome! I subscribed because I want to see more!
I pass the KC federal reserve from where I work and I'm glad they made the same Missouri joke I do. 😂
UPDATE: the vault is now empty….
I guess it’s time to watch Ocean’s 11 again.
I work in a bank (specifically the call centre for a private bank, not as a top official of the central bank) and this actually helps a lot.
thank you for all the valuable information in this vault
The problem is never so much the getting in part, it is the getting out with the gold part.
I’m pretty sure Nassau Street, like the nearby county is pronounced NASS-aw. But as a former resident I could be wrong. However Nevada is definitely Ne-VAD-uh, and others will correct you.
It should be pronounced like the last name of the Dutch King. And it wasn't perfect pronunciation but decent enough. A lot closer then for example van Gogh
I've rarely heard an american pronounce it better than in this video, I don't know what you're on about.
I'm with you. Nassaw, not nass-ow
@@Pyth110 its a dutch term and nass-ow is definitely closer to the correct dutch
@@ecnoid Actually, it's a German term. The House of Nassau came from the County of Nassau in western Germany, which was centered on, unsurprisingly, the city of Nassau.
Al lot of gold in this vault isn’t from the USA.
The Netherlands store approx 200ton here, another 200 ton in Ottawa and Londen, the rest in the Netherlands.
Loved the 'IMDABES' reference!
Noone in the HAI editorial staff were incarcerated during the making of this video.*
2:48 bro absolutely butchered De Nederlandse Bank, there is no ‘sche’ at the end 😂😭
There is.
@@wesselmartens1621 there is a 'se' no 'sche'
Lots more interesting things about this than you'd find on the Fed site. For example that the Fed is a private company, originally owned by the NY big banks, but we don't know who owns it today.
Or that that right across from this vault there's another vault, rumored to be connected by a tunnel. The sister vault used to belong to JPM, until China bought it.
And then there's the question of what actually happens to that gold. When Germany asked for their gold back I believe in 2011, the Fed said it would take 8 years to return it. By comparison it took Venezuela mere months to move similar amounts from London to Caracas. That suggests that the Fed no longer had the German gold on hand, and had to find a new source.
Yup, I lived about two blocks from here at Broadway and Rector St. I had walked by it numerous times and never gave it a second thought, one day I was walking around the neighborhood and the bars on the windows and the armed guard by the loading dock piqued my curiosity, so I looked up the location on Google Maps and was like "Oh...it's the Federal Reserve...that's explains it..."
Brilliant. Now please make a video on how to dig through metal.
I mean you could place chemical bombs in the subway set to explode once reaching the reserve, damaging all the subway infrastructure around it and using yourself and a large crew as coverup team for rescue and repairs, and use that to get into the reserve and load the gold into dump trucks, meant to look like they're full of rubble.
But of course a film crew thought of that nearly 30 years ago when making "Die Hard with a Vengeance", and was apparently so well thought out it got the Feds concerned.
I find it amazing that all of that gold would fit into a backyard swimming pool... (gold is so dense and valuable that it defies intuitive understanding! There is @20 metric tons per cubic meter, or about $67,000,000)
Posting from Missouri, almost exactly halfway between KC and STL. Always happy to hear about my state lol
"you are using a masterlock it can be opened using a masterlock" 5:00
The gold’s been gone for years, don’t tell anyone ;)
Money heist reference
It's not 5% of the gold in the world, it's 5% of the extracted and refined gold of the world.
I mean still 5% of the gold that goes around in the economy as of now.
5:19 Can't believe I still find Lost Easter eggs all these years later lol
I came to the comments section just to see if anyone else noticed this!
the gmcfosho reference at 2:24 caught me off guard lmfao
"Our vault is impenetrable"
*Lester comes out of retierement once again*
"OH FU-"
Sam mispronouncing "Nassau" won't stop us from finding the gold cause we can read th street name signs, me and my bricks (I mean soup for my fam) are on our way to liberate their (gold) brick cousins
It blows my mind to this very day that the fed only has just over 6 tons of gold, and my company sells 30-50 tons of gold per month... mind *BLOWN*
love how causally you slipped in "white collar criminals"
I'm Indian and my mom is laughing at that measly quantity of gold.
Your mom didn't even watch this video...
Nothing to sneeze at
@@livingroomviewing2987 Stop viewing my living room.
White collar criminal 😂
Federal reserve system prints money that are not based on any value, then borrow to different countries and when they cannot pay back, the loan has to be given back in assets like land or etc
I know its a fact, but did you have to give new york city a new nickname? "The Most Nukable City" is just awkward for bumper stickers 🙃
So, who wants to go on a gold heist with me?
HAI has upgraded to making videos about gold bricks now.
Easier to just grab a bag full of it from an armored car, like this guy did in NY, we was walking by the truck and saw the bag unattended and just picked it up and walked off. I think it was $10 million in gold? Or something. The one guard got a phone call, so he was distracted, the other one was sitting in the drivers seat and didn't notice.
To rob it you'd need at least a dozen guys doing a combination of cons. Off the top of my head, I'd say you're looking at a Boeski, a Jim Brown, a Miss Daisy, two Jethros and a Leon Spinks, not to mention the biggest Ella Fitzgerald ever.
Everyone knows Fort Knox is empty, so I bet this vault is too
This video does sound a lot like the part of a heist movie where they explain the elaborate and unrealistic security measures
I did the public tour and went down to see the gold in 2019. I dont see the tour on the website anymore? Thats sad.
worth noting, the federal reserve is also a private bank. look it up on their own website. it's not owned by the government or the people.
It's not a private bank. Member banks are required to purchase stock in District Reserve banks that give them a vote in directors for their region, but the national Federal Reserve Bank has a board of directors that is appointed by the President and confirmed by the Senate. It's also accountable to Congress rather than its member banks. Also any income above operating expenses and a surplus account goes to the US Treasury rather than back to its members.
Thanks for letting me know the location. On my way there now with a pickaxe
thestocksource8393 has been blown up by a Creeper.
I went to this place on a school trip - I was 18/19 and it was amazing to see.
I learned about this place in my AP Econ class over 6 years ago, and am SHOCKED that Hollywood hasn’t made a heist movie yet in this place
They have.
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exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
Hello nice comments here, please what exactly kind of investment are you talking about here, I'm really interested too
Decentralized heist planning 💀
The NY City branch of the Federal Reserve has a branch in East Rutherford, New Jersey, just off NJ Rt. 17 South, that is mainly used to distribute paper and coin money in its region of the USA. It was built in the late 1990's to make room for other needs in the NYC building. For some years it was used as a clearing house for paper checks until as they declined in use then shifted to the Philadelphia Federal Reserve branch. Apparently it has computer controlled robots to move the money around. It is also next door to the town police department.
Even Half as Interesting, a channel pretty far away from gaming as a whole, uses the Minecraft Bedrock texture to represent real life bedrock
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I got to visit this gold vault on an AP Macroeconomics high school field trip back in 2000. It was the day after the debacle 2000 US presidential elections as well.
I was actually in that space 57 yrs ago as part of a Bank training exercise where I was employed. Good memories.
.
How he pronounced the word:Nederlandsche. Had me dying😂😂 2:49
ben doing field work for this one