The Largest Gold Vault in the World

Gold is one of the most prized elements on the planet. It has been used throughout history as a sign of power and wealth, adorned in jewelry, and even used in practical applications that use its anti-corrosive properties. But since there isn’t much of it sitting in the ground, it has become a rare commodity and must be held safe and secure. There is one place where the most gold on Earth sits.

If you had to guess where that place was, your first choice might be the famous Fort Knox in Fort Knox, Kentucky. That gold depository is reported as being huge, but there hasn’t been an official audit of the gold there since 1974 when it was only viewed by congressional members and press members.

There is another gold vault that is undoubtedly bigger and has been verified, and it sits in a place you might not think would be a usual site to store gold. On the southern tip of Manhattan in New York City, buried five stories underneath the city streets, is the vault of the Federal Reserve Bank of New York, the largest gold vault in the world.

As of 2024, its vault held approximately 507,000 gold bars weighing 6,331 metric tons and worth around $582 billion at today’s market gold prices. By comparison, Fort Knox is estimated to hold approximately $388 billion in gold at market prices. However, much of the gold that resides in the New York vault…