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What happened to all of the gold stored in the WTC?

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WePurrsevere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-26-06 01:09 PM
Original message
What happened to all of the gold stored in the WTC?
My husband worked for a national company repairing banking related equipment. It was well known in the banking industry that there was more gold stored at the base of the WTC then at Fort Knox. Since 9-11 it's been bugging the heck out of him that he hasn't heard what happened to it, as far as he can find it basically went *poof* and we all know that can't logically happen with that much gold.

Since it wasn't a secret he wonders why more about it wasn't in the news although he admits that it's also possible he missed it. I told him I'd ask here since I've noticed that if there was info on something like this anywhere DUers would either know about it or be able to track it down. Hopefully I'm right and TIA. B-)

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Jose Diablo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-26-06 05:12 PM
Response to Original message
1. Gold found under World Trade Centre rubble 15:01 Wednesday October 31st
Recovery workers at the World Trade Centre have found a cache of gold that has already filled two lorries. The precious metal may be part of the vault containing more than 137m in gold and silver which was buried under the twin towers when they collapsed.

The vault was owned by the Bank of Nova Scotia, which held the gold and silver as security for trading international currencies in New York. Work is continuing to get the remaining gold, after the first two loads of the metal left under tight security last night. It has taken workers two days to clear a tunnel to bring the gold out, getting rid of tonnes of debris, a 10-wheeled lorry and several crushed cars. Hundreds of heavily-armed Secret Service agents, FBI and police guarded the gold as workers built a ramp to allow an armoured truck to drive in late last night.

The Bank of Nova Scotia said it did not know if its gold had been found last night and other firms are believed to have had gold and other valuables buried in the debris.

The find came as New York City bosses ordered police and firefighters to scale back their presence at the site. Just 24 police and 24 firefighters will be left sorting through the rubble in the search for the bodies of the more than 4,000 still missing at the site. However, the plan has met with opposition from uniformed services unions, who said the fact bodies of police and fire-fighters were still being found meant they should be allowed to stay at the site.


From: http://www.unison.ie/features/us_disaster/?ca=198&si=70...

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WePurrsevere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-26-06 05:37 PM
Response to Reply #1
2. Thank you! It sounds like "other firms" may have gotten their gold, etc
out as well.

I truly appreciate the time you took to find this. It has set his mind a bit more at rest knowing this. B-)
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Jose Diablo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-26-06 06:46 PM
Response to Reply #2
3. There was another article about the Federal reserve a couple of blocks
away from the WTC, it was not damaged.

This is the place where much of the gold in the world is stored. Each country has a portion of the vault and if countries are settling debt with gold, then the guards will take gold from one section to another.

I've seen it on TV. And there have been a few fictional stories of robbers stealing the gold. Thats problably the vault most people remember, not the WTC.

There used to be much more gold at the WTC. There were a couple stories about on google. Seems Kuwait was reported to have stored about $1B, maybe much more, at the WTC during the bombing in '93. But subsequently moved their gold and there were no reports I could fing about Kuwait losing gold when the towers were attacked on 9/11.

You might want to google "gold World Trade Center". I went through the first 5-6 pages, there were more pages but generally 5-6 will get the most relevant information.
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Duer 157099 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-26-06 07:51 PM
Response to Original message
4. Watch this video, I believe they discuss it somewhat
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WePurrsevere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-05-06 03:06 PM
Response to Reply #4
6. We're still downloading this.. (I HATE 21.6k dial-up).. from what we've
seen so far though all I can say is why the heck isn't this being shown to the Senate, Congress and every American citizen? We've both been long time LIHOP with serious suspicions of MIHOP from the evidence we've picked up before joining DU but even with just this little bit we've DL'd so far we're both blown away.

DH is determined to get this totally DL'd. He has two degrees, one of which was as a Transportion Engineer so he knows fuels and such. Since he's now retired he's been spending quite a bit of time surfing and trying to find info on things that didn't jive with what he knew to be fact and logic. This film shows clips that if accurate confirm some of his suspicions.. it will be interesting to see what else comes up that we've suspected.

Anyway, I truly appreciate the link... it's frustrating to have to wait for the total DL and go so slow but this film looks well worth it. If I can figure out how to burn it to a CD/DVD I'll pass is along to a few others that I know will be interested in seeing this.
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orleans Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-28-06 01:22 AM
Response to Original message
5. the video dotcosm in post #4 refers to does talk about this gold
and missing gold. it also talks about how it appears it was being moved from one building to another--in case the tower collapsed...

and it talks about a lot more gold than was finally found

i say watch the entire video--it's a real eye opener
the business about the gold is nearer the end of the video
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WePurrsevere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-05-06 03:10 PM
Response to Reply #5
7. He's still looking into the gold issue as well as other 9-11 issues. If he
finds any new info we'll post it here.
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paulthompson Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-05-06 10:09 PM
Response to Original message
8. As it happens...
...my new timeline update has two entries about this. We keep having some last minute programming snags but the new update should be out any day now, and it'll be massive. Here are the entries, the first one is from the Day of 9/11:

(Before 9:59 a.m.): Gold Transported Through WTC Basement
Large amounts of gold are stored in vaults in the massive basement below the WTC, and some of this is being transported through the basement this morning. Several weeks later, recovery workers will discover hundreds of ingots in a service tunnel below WTC 5, along with a ten-wheel lorry and some cars (which were, presumably, transporting the gold). The lorry and cars had been crushed by falling steel, but no bodies are reported found with them, so presumably they were abandoned before the first WTC collapse, at 9:59 a.m. (New York Daily News, 10/31/01; London Times, 11/1/01)

(Mid-October-mid November 2001)
Gold and Silver Recovered from WTC Basement Area; Evidence Suggests Attempted Theft
Workers at Ground Zero discover large amounts of gold and other precious metals stored below the ruins of the WTC. As debris is removed they are able to access parts of the 16-acre WTC basement, which drops 70 feet below ground level. Precious metals are stored in numerous vaults within this area. The London Times says the quantity of these "has been a carefully guarded secret," but estimates $750 million of gold and silver in vaults belonging to the Comex metals trading division of the New York Mercantile Exchange. There appears to have been an attempt, since 9/11, to break into a Comex vault containing $200 million of precious metals belonging to the Bank of Nova Scotia. A government official involved in the recovery work says, "It looked like they used a blowtorch, a crowbar," but a bank spokeswoman denies there has been any attempted break-in. The banks later states that "All of the silver, gold, platinum, and palladium stored in its vaults at 4 World Trade Center" has been relocated to a depository in Brooklyn. Other gold is discovered in a service tunnel below WTC 5. According to the London Times, this was being transported through the tunnel on the morning of 9/11. (New York Daily News, 10/31/01; London Times, 11/1/01; New York Times, 11/1/01; Reuters, 11/17/01)

Call me conspiratorial, but I have a feeling the public hasn't been told the full story on this. I would think that if some gold had been successfully stolen, there would be a strong motive on the part of the US government and banking industry to cover it up so as to not shake up the markets and lose confidence in the security and so forth. But who knows. It seems to me there may have been two attempts to steal the gold, one on the morning of 9/11, and the second in October.
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RedSock Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-05-06 11:16 PM
Response to Reply #8
9. computer transactions too?
Wasn't there also reported evidence of millions of dollars in financial transactions being run through computers in the towers *after* both were hit? Possible laundering of $$?

I'm too lazy to look for it now, but I thought about three dozen hard drives were found and were being examined (by a German company??) for clues. ... Then the story vanished.


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simonm Donating Member (386 posts) Send PM | Profile | Ignore Sun Mar-05-06 11:22 PM
Response to Reply #9
10. links
Edited on Sun Mar-05-06 11:23 PM by simonm
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mirandapriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-06-06 12:54 AM
Response to Reply #8
11. If the gold was not stolen it sort of points
away from pre-knowledge, since you'd think who ever knew about it would make sure they got their hands on that first or made sure it was safe, which can't really be done UNLESS...some of it could have been missing, and so as not to alarm the public & upset the markets, it was hushed up and then the evidence of theft was put in to make it look like someone tried to steal it. It is kind of ridiculous to think someone went down there with a blowtorch or whatever afterwards...
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Andre II Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-07-06 02:20 AM
Response to Reply #8
12. Who could have stolen the gold on 911? n/t
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Ouabache Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-09-06 07:09 AM
Response to Reply #12
13. Someone who knew the towers were going to be hit?
I always thought the tower hit could have been the coverup/excuse for some type of 'sting'. Those who were stung are just sol, because for some reason they can't ever report that they were stung. The gold being transported in the tunnel and abandoned could well mean that some made its' way completely through the tunnel before the collapse.
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mirandapriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-09-06 09:59 AM
Response to Reply #13
15. There does seem to be a sort of "dual" purpose
political and financial....
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Jose Diablo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-09-06 08:42 AM
Response to Original message
14. One more thing about gold, if it was stolen from the WTC
The biggest problem with stealing gold, if it's a lot of gold, is how to convert it back to cash and have a good way to account for your being in possession of a lot of gold legitimately.

Think about Bu$h Sr, and how him and his buddies have recently gained possession of a gold mine, Barrick Gold I think it's called. What better way to account for stolen gold than to take the gold to a working mine and smelter, recast the gold into 'new' ingots stamped Barrick Gold and sell them as gold that had just been mined. Who could say the gold came from the vaults below the WTC rather than the mine?
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mirandapriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-09-06 10:00 AM
Response to Reply #14
16. I did not know that..
interesting....
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