Sentences with phrase «gold in my bank vault»

Not exact matches

When President Hugo Chavez called for the repatriation of 160 tons in 2011, the gold moved from the airport in a televised convoy of armoured trucks; a banner reading «Mission Accomplished» greeted the final shipment at the central bank's vaults.

Le Freeport can not gain access to the vaults once they have been leased to customers, which include art storage services like Christie's and companies specializing in handling gems and precious metals, wine, or banks storing gold bullion.

If you have an escape plan, such as an apartment abroad, an offshore bank account, and some gold stored in an overseas vault...

Just as important, an authentic strong dollar policy would mean that no dollar can be created that did not have «an equal amount» of gold / silver in bank vaults — in essence a 100 % gold dollar.

To be sure, this is somewhat simplistic in that, as mentioned earlier, the BoE also offers custody accounts to certain commercial banks, while at the same time it is also possible for central banks to hold their gold in non-BoE vaults.

Most London gold is stored in the Bank of England, with the rest in private vaults, including those operated by HSBC and JPMorgan, both profiled previously (here and here).

On the assumption that the BoE custody service primarily caters to central bank customers, it's probably fair to say that 1) the bulk of BoE gold represents official sector holdings and 2) gold held in other vaults is likely to be more investment - related.

(1) It issues and redeems paper money — United States and Treasury notes;... (4) it transfers money to move the crops;... (6) it acts as a regulator of the rate of discount by contracting and expanding the currency through its operations upon the deposits in banks and in its own vaults; (7) it keeps the gold reserve of the country.

These are technically trusts, and they use their assets to buy gold bullion to store in bank vaults.

The special effects have almost always been powerfully elegant, none more so than in «Deathly Hallows 2,» where a trip to a wizard bank turns into a supernal roller coaster ride inside a cavernous vault where heaps of jewels and gold multiply voluminously, insanely.

He raised taxes at a time when the average family was near or in starvation mode, he confiscated all of the nation's privately - owned gold and then promptly devalued the dollar by 40 % (reducing the buying power of any saved dollars by almost half overnight), he raised bank reserve requirements numerous times (taking yet more cash out of the real economy so it could be hoarded in vaults), he actively supported a trade war with tariffs that created massive global imbalances (some would argue ushering in the rise to power of fascist regimes that would have had no chance in times of prosperity), and perhaps most damning, rather than plowing most of those raised tax dollars back into the stalled economy, he instead bought gold on the global markets for the government and sequestered it, keeping it from backing new dollars (monetary expansion, which most understand is required to turn a recession around) and instead further crushing the economy — and not just the US economy.

The latest example: A year or so ago, Germany told the Federal Reserve Bank of New York (a privately owned bank, mind you) that it wanted to repatriate 300 tons of the 1700 tons of gold it had stored in its vaults (back during the cold war, when Russia looked like it might invade Germany at any moment, it seemed prudent to keep it in Bank of New York (a privately owned bank, mind you) that it wanted to repatriate 300 tons of the 1700 tons of gold it had stored in its vaults (back during the cold war, when Russia looked like it might invade Germany at any moment, it seemed prudent to keep it in bank, mind you) that it wanted to repatriate 300 tons of the 1700 tons of gold it had stored in its vaults (back during the cold war, when Russia looked like it might invade Germany at any moment, it seemed prudent to keep it in NY).

Even so, the depository is second in the United States to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds 7,000 metric tons (7716 tons) of gold bullion (225.1 million oz.

Did you know: The Federal Reserve Bank in New York stores 25 % of the world's gold bullion in underground vaults 80 feet beneath the bBank in New York stores 25 % of the world's gold bullion in underground vaults 80 feet beneath the bankbank.

Banks don't usually have private vaults for each investor so all allocated gold accounts are stored in one safe.

The gold is sealed in your presence and vaulted in the safe keeping of the bank Additionally, if you are an IndusInd Bank customer, you get easier repayment options and lesser documentation, making the loan process simpler for bank Additionally, if you are an IndusInd Bank customer, you get easier repayment options and lesser documentation, making the loan process simpler for Bank customer, you get easier repayment options and lesser documentation, making the loan process simpler for you.

Banking became a more profitable business as it devolved into a leveraged game of chicken — collecting a positive interest spread (interest paid to gold depositors vs. interest charged on loans) while avoiding the very low probability that substantially all gold claim holders would attempt to simultaneously exchange their receipts for the bullion in the bank's vault.

Considering the current amount of already - mined gold could satisfy demand for fifty years (much of it currently sits in bank vaults and in old, unused jewelry), it is beyond me why we continue to mine more.

For mortgage companies, that data represents a treasure trove more valuable than the gold bars stacked in the vault at the New York Federal Reserve Bank, but only if they can figure out how to harness it for their specific business.