There have been sharp gains for gold futures and Kitco Bullion Dealers senior analyst Jon Nadler discusses what has caused this rally. He also analyzes hedge fund influence. (Jan. 14).
Prices of oil and gold have both hit record peaks. Oil briefly hit the symbolic 100-dollar mark for the first time in the US trading on Wednesday while gold struck of 863.11 dollars an ounce on the London Bullion Market on Thursday. AFPTV report.
United States Bullion Depository
From Wikipedia, the free encyclopedia
Coordinates: 37.882983° N 85.965099° W
The United States Bullion Depository, commonly called Fort Knox, is a fortified vault building located near Fort Knox, Kentucky which is used to store a large portion of United States official gold reserves, as well as from time to time, other precious items belonging to, or entrusted to, the United States of America.
The United States Bullion Depository holds about 5,037.5 tons (4,570 metric tonnes) of gold bullion (147.3 million ounces [1]). It is second in the United States only to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds about 5,000 metric tons of gold in trust for many foreign nations, central banks and official international organizations.
The U.S. Bullion Depository at Ft. Knox.
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