Suddenly There Is Enough Gold

The place that caused all the confusion beginning in 1936, in 1971. Bettmann Archive Recently the value of all gold in the world has risen to about $25 trillion. Not so long ago—under the Federal Reserve chairmanship of Janet Yellen, even—this stash carried a value only three-eighths as much. Total world gold was worth less…

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“What For You Bury Me In The Cold, Cold Ground?”

Artistic coins died here. The gold repository at Fort Knox, (Photo by Underwood Archives/Getty Images) Getty Images In 1936, the United States Bullion Depository at Fort Knox, Kentucky, opened. Opened—not the mot juste. The federal government piled gold bars upon gold bars into this huge brand-new vault deep in the ground. An army base (Fort…

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