Some 3,800 gold bars, worth an estimated $106m, are currently incarcerated in a vault, four floors down under the rubble of what was the World Trade Center in New York.
The gold is the responsibility of the Bank of Nova Scotia which runs the metal exchange Comex's warehouse.
Robert Fig, director of the Bank of Nova Scotia, said that the gold being kept out of circulation would not affect the gold price. 'It will come back into circulation eventually' he said, 'but we have no idea when'.
The week on Risk.net, December 9–15 2017Receive this by email