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Precious Metals Stored Beneath the World Trade Center

One of the less noted of the possible motives for the attack was the creation of diversion in order to steal hundreds of millions of dollars worth of precious metals.

By September of 2003, 9-11 Research had published the following story about the discrepancy between the value of precious metals reportedly stored in the Comex vaults beneath WTC 4 and the value reportedly recovered in late 2001 following the attack. (The September, 2003 version of the page is archived on archive.org.)

e x c e r p t
title: Missing Gold
authors: Jim Hoffman

Missing Gold

A King's Ransom in Precious Metals Seems to have Disappeared

The basement of 4 World Trade Center housed vaults used to store gold and silver bullion. Published articles about precious metals recovered from the World Trade Center ruins in the aftermath of the attack mention less than $300 million worth of gold. All such reports appear to refer to a removal operation conducted in late October of 2001. On Nov. 1, Mayor Rudolph Giuliani announced that "more than $230 million" worth of gold and silver bars that had been stored in a bomb-proof vault had been recovered. A New York Times article contained: 2

Two Brinks trucks were at ground zero on Wednesday to start hauling away the $200 million in gold and silver that the Bank of Nova Scotia had stored in a vault under the trade center ... A team of 30 firefighters and police officers are helping to move the metals, a task that can be measured practically down to the flake but that has been rounded off at 379,036 ounces of gold and 29,942,619 ounces of silver ..

Another article gave a figure of $650 million to the value of gold in the 4 WTC vault.

Unknown to most people at the time, $650 million in gold and silver was being kept in a special vault four floors beneath Four World Trade Center. The gold and silver were recently recovered.

An article in the TimesOnline gives the following rundown of precious metals that were being stored in WTC vaults belonging to Comex. 4

  • Comex metals trading - 3,800 gold bars weighing 12 tonnes and worth more than $100 million
  • Comex clients - 800,000 ounces of gold with a value of about $220 million
  • Comex clients - 102 million ounces of silver, worth $430 million
  • Bank of Nova Scotia - $200 million of gold
The TimesOnline article is not clear as to whether the $200 million in gold reported by the Bank of Nova Scotia was part of the $220 million in gold held by Comex for clients. If so, the total is $750 million; otherwise $950 million.

There appear to be no reports of precious metals discovered between November of 2001 and the completion of excavation several months later. It would seem that at least the better part of a billion dollars worth of precious metals went missing. It is not plausible that whatever destroyed the towers vaporized gold and silver, which are heavy malleable metals that are extremely unlikely to participate in chemical reactions with other materials.


References
1Thanksgiving at Ground Zero,National Real Estate Investor,
2Below Ground Zero, Silver and Gold,New York Times,11/1/2001
3Cache of Gold Found at WTC Two truckloads retrieved through a tunnel in rubble2,,
4Crushed towers give up cache of gold ingots,TimesOnline,11/1/02
5,Reuters and New York Daily News,

The authors of the book 9/11 Revealed were apparently so impressed with the story that they paid 9-11 Research the ultimate compliment -- they plagiarised the story. The following passage from the 9-11 Research critique of the book explains how the report was lifted by 9/11 Revealed without credit:

Gold Heist Story Heist

One of the more egregious examples of the book's appropriation without credit of 911Research's reporting is its paragraph covering the discrepancy between the value of precious metals reportedly stored under the World Trade Center and the value reported recovered after the attack.

9/11 Revealed copies this image, along with the gist of 911Research's original reporting, without crediting 911Research.
Some $230 million worth of gold was discovered in a lorry in a tunnel under the Center in November 2001. 21 We have seen no reports of other caches being found. However, Comex was reported to have at least $950 million worth of gold stored in its vault under the Center, and the fate of that haul remains unknown. 22
[page 107]

21 "Below Ground Zero, Silver and Gold", New York Times, 1 November 2001
22 National Real Estate Investor, 19 November 2001
[page 240]

Compare this excerpt to the [ archived excerpt], which has existed in its current form on 911Research since late 2003. The two references cited by 9/11 Revealed for this story are References 1 and 4 from our page. The $950 million figure comes from 911Research, not from reference 22.


page last modified: 2010-12-18

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