I'm an econ major student, planning to do my internship there; I couldn't find any video that just shows the building hahah I was hoping you could go inside. Still a great video man, indeed it is a very elegant and well-constructed building. Cheers from Bolivia.
Since the dollar isn’t backed by gold anymore, why do they still store it in bullion? Why not sell it to dealers for private use like all other precious metals? Im not a financial guy so I have no idea. Like Fort Knox (US owned gold). If it doesn’t back the dollar, it’s useless... so why store it? At that point, it doesn’t actually mean anything until you sell it. The price of gold may rise, but it still means nothing until you sell it. There’s no purchasing power. You may own the largest mansion in the world, but you can’t even buy a stick of gum with it until you sell it. So why is a quarter of the world’s gold locked up and stored for no reason?
Thank you for watching....you raise a very good point....why keep gold at all since all money is printed.....in my opinion.....central banks and people keep gold and silver because it still is a store of value...the question.....as you raise...is how much of a store of value......
Gold and silver have been used for exchange for over 4,000 years....so it is a good bet....that in the future it will be used for a store of value...but you raise a good point...what is the true value of gold and silver....well from some RUclips videos ....you can see the for the last 2,000 years....the average daily salary of a person was one tenth an ounce of silver......the historical ratio of silver to gold has been 15 ounces silver for one ounce of gold.......
The question then becomes......what would the average daily salary be based on to equal one tenth an ounce of silver....please note....there are many people out there with different ways to arrive at what gold and silver are value at....I am just basing this estimate on if there were no other factors except labor......but the trend in the most recent years is to have central banks bring all their gold back to the central bank that owns it.....it is kind of like the ultimate insurance policy.....
Travel and Adventure Thanks for the response. I don’t think it’s actual dollar value is relevant. Im just wondering why is it physically “stored indefinitely”... like the Declaration of Independence or the Mona Lisa. Because at that point, it’s value becomes zero, as it can never be sold, and never be used. As such, zero purchasing power. Zero trade value. Net worth = 0. So what’s the point of indefinite storage? Essentially, it’s just throwing it away forever. Like owning a classic firearm that the government says you can never sell by law. It is then essentially worth zero, regardless of how valuable it “could” be if you were allowed to sell it, which you aren’t. Know what I mean?
@@joesmith389 Yes....I think I follow what you are saying.....In my opinion it is about a central bank diversifying the assests it holds.....so a certain percentage gold....a certain percentage US Dollars....a certain percentage of other currencies....this way....the gold is there as a store of value....about 20 years ago....many central banks were following what you mentioned and were selling their gold holdings for about $300 an ounce....it was a very bad trade for the central banks when you think that gold is now around 1477 on December 13, 2019.....so in then end ...in my opinion central banks buy and hold onto gold to have an extra store of value that is not tied to other currencies.....
Privately owned and operated.
I was a window washer in that building and there wasn't a single gap in that stone work anywhere
mrzawtunusavisa2024banktaticalsocialmediafacebooknewyorkbankfedraldemocrazyusacountrysubmissionentrysucceespaidfriendskbzbank4ladysociaffairygnmyanmarcvformphotojustpersonalrecordsappointmentne
New number rekening bank
88677688-7767-88-3338
Thanks video. Well done construction, really incredible architecture.
I'm an econ major student, planning to do my internship there; I couldn't find any video that just shows the building hahah I was hoping you could go inside. Still a great video man, indeed it is a very elegant and well-constructed building.
Cheers from Bolivia.
Y como te fue?
Hello
Por isso essa vizinhança meio doida kkkkkk
É a vila do chaves trilionaria kkkk
The Federal Reserve Bank of New York covers the whole of NY and northern NJ
Harta qarun google
*141#
hello, how do i inquire about using some of yoyr footage in a documentary? Do you have an email? Thanks
Since the dollar isn’t backed by gold anymore, why do they still store it in bullion? Why not sell it to dealers for private use like all other precious metals? Im not a financial guy so I have no idea. Like Fort Knox (US owned gold). If it doesn’t back the dollar, it’s useless... so why store it? At that point, it doesn’t actually mean anything until you sell it. The price of gold may rise, but it still means nothing until you sell it. There’s no purchasing power. You may own the largest mansion in the world, but you can’t even buy a stick of gum with it until you sell it. So why is a quarter of the world’s gold locked up and stored for no reason?
Thank you for watching....you raise a very good point....why keep gold at all since all money is printed.....in my opinion.....central banks and people keep gold and silver because it still is a store of value...the question.....as you raise...is how much of a store of value......
Gold and silver have been used for exchange for over 4,000 years....so it is a good bet....that in the future it will be used for a store of value...but you raise a good point...what is the true value of gold and silver....well from some RUclips videos ....you can see the for the last 2,000 years....the average daily salary of a person was one tenth an ounce of silver......the historical ratio of silver to gold has been 15 ounces silver for one ounce of gold.......
The question then becomes......what would the average daily salary be based on to equal one tenth an ounce of silver....please note....there are many people out there with different ways to arrive at what gold and silver are value at....I am just basing this estimate on if there were no other factors except labor......but the trend in the most recent years is to have central banks bring all their gold back to the central bank that owns it.....it is kind of like the ultimate insurance policy.....
Travel and Adventure Thanks for the response. I don’t think it’s actual dollar value is relevant. Im just wondering why is it physically “stored indefinitely”... like the Declaration of Independence or the Mona Lisa. Because at that point, it’s value becomes zero, as it can never be sold, and never be used. As such, zero purchasing power. Zero trade value. Net worth = 0. So what’s the point of indefinite storage? Essentially, it’s just throwing it away forever. Like owning a classic firearm that the government says you can never sell by law. It is then essentially worth zero, regardless of how valuable it “could” be if you were allowed to sell it, which you aren’t. Know what I mean?
@@joesmith389 Yes....I think I follow what you are saying.....In my opinion it is about a central bank diversifying the assests it holds.....so a certain percentage gold....a certain percentage US Dollars....a certain percentage of other currencies....this way....the gold is there as a store of value....about 20 years ago....many central banks were following what you mentioned and were selling their gold holdings for about $300 an ounce....it was a very bad trade for the central banks when you think that gold is now around 1477 on December 13, 2019.....so in then end ...in my opinion central banks buy and hold onto gold to have an extra store of value that is not tied to other currencies.....
Is awasome. Thank you for make me want see with the time machine in other life.
Privately owned
Its not federal and has no reserve
Manhattan is going to be my home🖤
You will like New York....there is so much energy in New York.....something to do 24 hours ever day.....
Travel and Adventure I’m sure I will!😊I’m going to be finishing my graduate schooling at Columbia Law School
u prolly won’t see this but have u made it happen?
Now jobs
what is the exact adfress of the federal bank of new york
It is just behind of ONE CHASE MANHATTAN PLAZA.
33 liberty street
New York, NY 10045