Exposing secret tunnels, mines, vaults, and golden relationships.
It’s human nature to examine the gigantesque of hidden natural elements and the more arcane aspects of humanity. It’s been properly surmised that we are motivated by the primal instincts that we naturally inherit, and it usually is directed to currency of some form. The Grasberg mine, located in the province of Papua in Indonesia, is supposedly the host of the world’s largest gold vaults and is primarily owned by one of the world’s largest producers of copper and gold, Freeport (FMCG, NYSE: FCX). The symbiotic relationship is quite uncanny, eh? Do tell.
There’s always been a fascination concerning the wealthiest 1% of the world, what we refer to as the global elite, or the The Transnational Capitalist Class
Is it a tale of two cities where the secrecy becomes an underground best-selling novelty?
Gold has always been relevant, has been around for centuries, and it’s even discussed in the Bible. As the dollar falls flat in the sagging global economy of today, gold has become the topic du jour. Gold repatriation is an even hotter subject, since countries like Germany are asking for their gold back from the United States and China has been buying gold reserves like there’s no tomorrow.
Typically, another gold mine or gold vault that comes to mind is the Federal Reserve, or more specifically the Federal Reserve Bank of New York, the largest regional Federal Reserve Bank.
“Currently, it is reputedly the largest gold repository in the world (though this cannot be confirmed as Swiss banks do not report their gold stocks) and holds approximately 7,000 tonnes (7,700 short tons) of gold bullion ($415 billion as of October 2011), more than Fort Knox. Nearly 98% of the gold at the Federal Reserve Bank of New York is owned by the central banks of foreign nations. The rest is owned by the United States and international organizations such as the IMF.”
“The Federal Reserve Bank does not own the gold but serves as guardian of the precious metal, which it stores at no charge to the owners, but charging a $1.75 fee (in 2008) per bar to move the gold.”
It may be possible, even plausible to find a direct correlation—the symbiotic relationship is quite uncanny—the “world’s largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve.”
Final analysis: Is there a profound connection between JP Morgan Chase and the New York Federal Reserve? Do tell.
