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Missing Gold stored under World Trade Center

Douglas Caddy

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Missing Gold

A King's Ransom in Precious Metals Seems to have Disappeared

There are rumors that $160 billion in gold bullion was stored under the World Trade Center. Yet the only published articles about recovered gold mention only around $200 million worth of gold. All of the reports of recovered precious metals 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: 2

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. 4

• 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

That totals $950 million.

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.

The circumstances surrounding part of the gold that was recovered offer clues to what may have happened to the unrecovered gold. According to reports, two truckloads of gold were found in a delivery tunnel under 5 World Trade Center in a 10-wheel lorry which had been crushed by falling steel. The vault was under 4 World Trade Center, which was closer to the South Tower, and more heavily damaged. There were no bodies discovered with the lorry, suggesting that whoever was removing the gold was warned of the imminent collapse of the South Tower. 5



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,

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"In conclusion, we can see that news reports are sometimes not clear and often inconsistent. Many different

numbers have been reported for recovered gold. Shouldn’t Loose Change have informed us about this and

avoided compounding the problem with giving weight to unfounded rumors? Supporters of this film need to

ask themselves this question:

Are the filmmakers more interested in getting at the truth, or marketing sensationalism

This seems to be one of those events about which the ultimate truth will never be known. I posted the article because it was something that is not being discussed or acknowledged in any fashion in the midst of the current mass publicity about the tenth anniversary of 9/11. Maybe it deserves that fate and maybe it doesn't.

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Could it be that some gold is still there?

I ask because in Australia there was recently a case of where $50,000 of gold jewellery was accidentally thrown out with garbage. They know which dump it went to, but people don't believe even the most enthusiastic scavenger would have a hope of finding it.

And on a side note: if they did find it, could they keep it?

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Gold Coins: The Mystery of the Double Eagle

How did a Philadelphia family get hold of $40 million in gold coins, and why has the Secret Service been chasing them for 70 years?

Business Week Magazine

August 25, 2011


The article states that Stephen Fenton, Chairman of the British Numismatic Trade Assn., in 1996 bought what he thought was the only existing Double Eagle held in private hands. A few days later the U.S. Secret Service seized the coin from him.

The article further states, “After five years of legal wrangling and just four days before the [civil case concerning the seizure] was scheduled to go to trial in the U.S. District Court in Manhattan, Fenton and the Justice Dept. came to an unusual agreement. The coin would be auctioned off and the proceeds split between them.

The coin was taken from the Treasury vault at 7 World Trade Center and put in Fort Knox. Then came the terrorist attacks of September 11 [2001]. ‘If the coin had been left where it was, it would have been destroyed,’ says Fenton. “

Question: How much gold was being held in the U.S. Treasury vault at 7 World Trade Center on 9/11 and what happened to it just before and in the wake of the attack?

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Guest Tom Scully

Thanksgiving at Ground Zero

Delta Farm Press, Nov 19 2001

Every now and then, Americans are reminded of the true meaning of Thanksgiving. For Guy Taylor, it began the morning of Sept. 11, as he sat at his desk at the New York Board of Trade at Four World Trade Center.

...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.

Over the next few days, Taylor and Fichtel appeared on numerous television shows and radio programs, talking about the exchange’s efforts to resume normal operations.

"We probably could have been up and running by Thursday (Sept. 13)," said Charles Falk, NYBOT chairman. "But there were problems with some of our clearing members...."


Cache of gold found at WTC Two truckloads retrieved through tunnel in rubble


Wednesday, October 31, 2001

As a small army of federal agents with shotguns and automatic rifles stood guard, city cops and firefighters yesterday retrieved two trucks worth of gold from beneath the rubble of the World Trade Center.

The treasure was transported to an undisclosed location in separate deliveries last night.

Sources said the lode was found in the basement under 5 World Trade Center.

"They are taking gold out of there right now," one source said "They've brought in extra cops."

It wasn't immediately clear how much gold was buried under the complex after the Sept. 11 attacks. But the Toronto-based Bank of Nova Scotia has said its vault with more than $200 million in gold and silver was buried under what had been 4 WTC.

Bank spokeswoman Pam Agnew said last night that she was unaware any gold had been found.

Other companies are believed to have lost untold gold and cash in the disaster.

Construction workers directed by the feds had been clearing a delivery tunnel that runs under the complex for the past couple of days....




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