Another Excellent Documentary
This one comes from National Geographic. Thanks to ZeroHedge for finding and posting it!
Here's the link to the original ZH post: http://www.zerohedge.com/news/2013-06-10/gold-trust-and-federal-reserve-video-documentary And here's how they describe it:
"From the inside of the Federal Reserve's gold vault (where we are told one quarter of the world's bullion resides) to NYC's diamond district and the gold-dealers on the streets, this NatGeo documentary is a fascinating walk through the reality of trust, money, and gold. As the narrator notes, "the Fed's discretion is so trusted that few depositors have ever asked to see if their gold is still here," except of course Germany now that is, adding (from the exact opposite perspective to the man that runs the building) that, "for thousands of years people used gold as money... it's the perfect recyclable money...." The must-watch video then progresses to the reality of our financial world where he explains, the trillions in money that is transacted every day "used to be backed gold, but is now supported by the promise of our government... The fact that it all works based on trust alone is simply taken for granted," leaving the ominous question of "who is in charge" of that 'trust'? Cue Ben Bernanke - who answers the question of what the world would look like without a Fed... bank runs, stock market crashes, and financial chaos."
I'm posting this even though, so far, I've only been able to watch the first 5 or 6 minutes. It looks like a very interesting program, to say the least, and seeing all of the gold is certainly intoxicating.
Interesting to note is the great care and effort that is made to move and store about 80 bars or one metric ton of gold. This is especially interesting when you consider the almost daily withdrawals of 1-5 metric tonnes from the GLD and the 340 metric tonnes withdrawn from alleged inventory year to date.
So kick back, relax and enjoy this must watch video.