The Federal Reserve Bank has a gold stash that is almost 50 percent larger than that of Fort Knox. Currently, they hold approximately 212 ounces of gold bars, which are valued at around $170 billion. To put this into perspective, this would be equivalent to over half a million 27-pound gold bars. In terms of weight, these bars would weigh a combined total of almost 7,000 tons.
The sheer magnitude of the Federal Reserve Bank’s gold holdings is truly staggering. Just imagining the sight of over half a million gold bars, each weighing 27 pounds, is mind-boggling. It serves as a testament to the immense wealth and power that the Federal Reserve Bank holds.
Fort Knox, on the other hand, is widely known as one of the most secure and fortified locations in the United States. It has long been associated with the storage of the nation’s gold reserves, and its name has become synonymous with wealth and security. However, in comparison to the Federal Reserve Bank, Fort Knox’s gold stash pales in comparison.
This revelation raises the question of who exactly has more gold than Fort Knox. The answer lies with the Federal Reserve Bank, which surpasses Fort Knox in terms of the size and value of its gold holdings. While Fort Knox is undoubtedly a significant storage facility for gold, it is overshadowed by the Federal Reserve Bank’s immense wealth in gold reserves.
It is important to note that the Federal Reserve Bank’s gold holdings are not accessible to the general public. They are kept under tight security and are primarily used to back up the value of the US dollar. The gold held by the Federal Reserve Bank serves as a symbol of economic stability and financial power.
The Federal Reserve Bank holds more gold than Fort Knox. With a gold stash almost 50 percent larger and valued at around $170 billion, the Federal Reserve Bank’s gold reserves far exceed those of Fort Knox. The sheer magnitude of their holdings is awe-inspiring, and it serves as a testament to the immense wealth and power that the Federal Reserve Bank possesses.