[Vermont Lt]

Just curious, where is the Gold kept? Most large deposits are held at the Fed vault in NYC.

[Political Junkie Too]

For Texas, it's in the gold vault at HSBC Bank in New York City.

-PJ

[DoodleDawg]

Most large deposits are held at the Fed vault in NYC.

Only foreign ones and only gold held by foreign governments, central banks, and international organizations. Just about all the major banks in New York City manage gold for corporations like the University of Texas Investment Management Corporation, and they charge an arm and a leg to do it. HSBC is charging Texas $108 per bar per year to store it. That's over $600,000 a year.

[semimojo]

Just curious, where is the Gold kept? Most large deposits are held at the Fed vault in NYC.

Suppoedly in this case UT's gold is at HSBC's headquarters building at 450 5th Ave. in NYC.