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:
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.
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.
- 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
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.
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,