Gold at the New York Federal Reserve 1959

[Foster88]

I’ve seen these two images being shared on various online platforms recently and thought the community here might like to see a ‘real’ gold stack. Not to dismiss or belittle anyone’s own stack might I add.

But I’m sure you can appreciate the sheer volume of gold here is unbelievable.

Bearing in mind that these photos were taken in 1959, some 64 years ago when the gold price was much lower than it is today.

Notice the shoes the man is wearing, its not to protect the gold as he stands on it, it’s to protect his feet in case he drops a bar of gold on them!! Imagine having that ‘problem’.

Now, what I want to know is, does @LawrenceChard have a snazzy pair of those steel toe cap shoes/crocs? 😆

 

(I don’t own these images, nor did I take them)

Bloody miracle if I did before I was born. 

[James32]

Some pretty sloppy stacking in pic (2)

Epic visual though, thanks for sharing. 

Side note..always makes me wonder if people in this or similar working capacity ( bullion dealers) are just numb to gold,after a certain amount of time in job. 

Another Question for @LawrenceChard ..are the staff at chards just mehhh when unpacking kilo bars etc ?

[Foster88]

10 minutes ago, James32 said:

Some pretty sloppy stacking in pic (2)

Epic visual though, thanks for sharing. 

Side note..always makes me wonder if people in this or similar working capacity ( bullion dealers) are just numb to gold,after a certain amount of time in job. 

Another Question for @LawrenceChard ..are the staff at chards just mehhh when unpacking kilo bars etc ?

No need to thank me for sharing, I’ve seen the image of the man in the shoes/crocs/what ever the hell are they at least twice this week.

This is most likely true.

I’m sure if you ask a chef at the end of their shift if they’re hungry they’d say no because they’ve spent all day looking at food.

I think the general consensus is you become tired of what you see every day. That could be for any occupation I suppose.

[WizardOfSov]

Nice balance scale. 😁👍

Edited January 28, 2023 by WizardOfSov

[James32]

1 minute ago, Foster88 said:

No need to thank me for sharing, I’ve seen the image of the man in the shoes/crocs/what ever the hell are they at least twice this week.

This is most likely true.

I’m sure if you ask a chef at the end of their shift if they’re hungry they’d say no because they’ve spent all day looking at food.

I think the general consensus is you become tired of what you see every day. That could be for any occupation I suppose.

Yeah agreed. I was watching a video ( Yankee stacking on YouTube, visiting SD Bullion)

As great as the visual was, I'd never want to partake in the same tour. I think I'd leave depressed 🤣 and give up.. knowing it's out there and every new acquirement being a suprise and earned gives a nice feeling plus forces us to strive for more ( in anything,not just PMs)  as a wiser than me man/woman once said.. "pray you never reach your goals" because what the heck do you do.. when you get there?😀 

Yep it's late and now I'm stacking gold bars in a neat pile to get to sleep.

[Foster88]

8 minutes ago, James32 said:

Yeah agreed. I was watching a video ( Yankee stacking on YouTube, visiting SD Bullion)

As great as the visual was, I'd never want to partake in the same tour. I think I'd leave depressed 🤣 and give up.. knowing it's out there and every new acquirement being a suprise and earned gives a nice feeling plus forces us to strive for more ( in anything,not just PMs)  as a wiser than me man/woman once said.. "pray you never reach your goals" because what the heck do you do.. when you get there?😀 

Yep it's late and now I'm stacking gold bars in a neat pile to get to sleep.

I’ve read many comments on the forum of someone starting a collection or date run and completing it. Selling them all and starting again. It seems in some circumstances the ‘chase’ is better than reaching the end goal.

One quote I read a while ago was “Gold is only a precious metal because you’ve been told it is”.

But to lighten the mood my favourite saying, which is an Irish saying is:

God is good but never dance in a small boat.

[James32]

4 minutes ago, Foster88 said:

chase’ is better than reaching the end goal

Completely agreed 👍 just done a date run from 2000-2022 and sourcing the last few was exciting and stressful at the same time, but now that it's completed ( last piece hasn't even been delivered yet)  I'm already trying to come up with a new master plan. I'm sure it was will all make sense someday and turn out to be beneficial 🤞

 

[SiCole]

37 minutes ago, James32 said:

Yeah agreed. I was watching a video ( Yankee stacking on YouTube, visiting SD Bullion)

As great as the visual was, I'd never want to partake in the same tour. I think I'd leave depressed 🤣 and give up.. knowing it's out there and every new acquirement being a suprise and earned gives a nice feeling plus forces us to strive for more ( in anything,not just PMs)  as a wiser than me man/woman once said.. "pray you never reach your goals" because what the heck do you do.. when you get there?😀 

Yep it's late and now I'm stacking gold bars in a neat pile to get to sleep.

Just watched it. Good lord!

[pricha]

The bloke will have a bad back not bending his knees. All that gold plated lead is quite heavy 🤔 

[LawrenceChard]

17 hours ago, Foster88 said:

I’ve seen these two images being shared on various online platforms recently and thought the community here might like to see a ‘real’ gold stack. Not to dismiss or belittle anyone’s own stack might I add.

But I’m sure you can appreciate the sheer volume of gold here is unbelievable.

Bearing in mind that these photos were taken in 1959, some 64 years ago when the gold price was much lower than it is today.

Notice the shoes the man is wearing, its not to protect the gold as he stands on it, it’s to protect his feet in case he drops a bar of gold on them!! Imagine having that ‘problem’.

Now, what I want to know is, does @LawrenceChard have a snazzy pair of those steel toe cap shoes/crocs? 😆

 

(I don’t own these images, nor did I take them)

Bloody miracle if I did before I was born. 

I could wear my ski boots, but it does look like the Fed workers shoes have special soles.

They certainly look weird, like something out of Star Wars.

😎

Edited January 28, 2023 by LawrenceChard

[LawrenceChard]

7 hours ago, James32 said:

Some pretty sloppy stacking in pic (2)

Epic visual though, thanks for sharing. 

Side note..always makes me wonder if people in this or similar working capacity ( bullion dealers) are just numb to gold,after a certain amount of time in job. 

Another Question for @LawrenceChard ..are the staff at chards just mehhh when unpacking kilo bars etc ?

New starters are usually very impressed by much of what we handle, but it is normal for familiarity to take effect.

Most of them have probably never seen a London Good Delivery bar, which would get some attention, We do not own one, but it can only be a matter of time, and would be an interesting addition to our showroom. 

We still get staff reactions to new products, even it is is only something like a new one ounce silver bullion coin.

The transaction values also show a similar pattern, not just the physical metal. When someone new does a 6 figure sale or purchase for the first time, it is a novelty, but then they quickly get used to it.

I am still impressed whenever I look at our growing stacks of silver monster boxes, but it is mainly because of the physical volume.

😎

[SeatonKev]

When I was a lad I worked at a company who processed gold silver and platinum for JM and Engelhard. I would often have to carry coils of gold from the safe to a press, I can remember they were pretty heavy, probably 10 kilos or so. I never really thought of the value cos at that time I had no interest in precious metals, beer, music and lasses were the priorities. I was young and daft but good at carrying heavy things, now I'm only one of those things.

[LawrenceChard]

4 hours ago, SeatonKev said:

When I was a lad I worked at a company who processed gold silver and platinum for JM and Engelhard. I would often have to carry coils of gold from the safe to a press, I can remember they were pretty heavy, probably 10 kilos or so. I never really thought of the value cos at that time I had no interest in precious metals, beer, music and lasses were the priorities. I was young and daft but good at carrying heavy things, now I'm only one of those things.

I have been trying to work out who the company might have been, and what processes they were doing.

JM and Engelhard mainly did their own refining, but may have sub-contracted stamping or wire drawing to other specialists.

Any more information?

😎

[SeatonKev]

Aye we used to slit and stretch the coils of raw material to make expanded mesh for them. Think it was used in jewellery and medical devices. We had some photos around the place of Michael Caines wife wearing earrings made from the mesh. Think the silver was used in batteries as a catalyst because once it was formed into a mesh it had a large surface area and low weight. 

When I started in 1977 precious metals were a decent part of the business but over time the development of alternative, cheaper materials meant it gradually declined. 

 

[SidS]

18 hours ago, Foster88 said:

 

 

I see you found @James32's photo album. This brings back fond memories as he was just starting out here.

[Foster88]

17 hours ago, pricha said:

The bloke will have a bad back not bending his knees. All that gold plated lead is quite heavy 🤔 

I’d bend over backwards for that amount of gold and so would 99.99999999 (recurring) members of the forum.

[pricha]

7 hours ago, Foster88 said:

I’d bend over backwards for that amount of gold and so would 99.99999999 (recurring) members of the forum.

Would be hell to sell on the forum. 😆 when a giant like Chards don't own a single bar what chance have you of posting all of that off ?  Postage at buyers risk ? 

Edited January 29, 2023 by pricha

[Paul]

On 28/01/2023 at 00:34, Foster88 said:

I’ve seen these two images being shared on various online platforms recently and thought the community here might like to see a ‘real’ gold stack. Not to dismiss or belittle anyone’s own stack might I add.

But I’m sure you can appreciate the sheer volume of gold here is unbelievable.

Bearing in mind that these photos were taken in 1959, some 64 years ago when the gold price was much lower than it is today.

Notice the shoes the man is wearing, its not to protect the gold as he stands on it, it’s to protect his feet in case he drops a bar of gold on them!! Imagine having that ‘problem’.

Now, what I want to know is, does @LawrenceChard have a snazzy pair of those steel toe cap shoes/crocs? 😆

 

(I don’t own these images, nor did I take them)

Bloody miracle if I did before I was born. 

If I hadn't read the headline I would have thought it was @James32taking a selfie while sorting out his morning mail deliveries 

Edited January 29, 2023 by Paul

[Paul]

If anyones interested, if you're ever in London you can see in the flesh and touch/ lift a 'good delivery' bar at the bank of England museum. Free entry to and quite interesting 

 

 

[modofantasma]

42 minutes ago, Paul said:

If anyones interested, if you're ever in London you can see in the flesh and touch/ lift a 'good delivery' bar at the bank of England museum. Free entry to and quite interesting 

 

 

Is there one at the royal mint too in Llantrisant? 

[Paul]

1 minute ago, modofantasma said:

Is there one at the royal mint too in Llantrisant? 

Ive still never visited the Royal Mint yet  

Dont recall it ever mentioned before 

[modofantasma]

6 minutes ago, Paul said:

Ive still never visited the Royal Mint yet  

Dont recall it ever mentioned before 

I've not been to either.. I remember seeing a couple of people mention it and a photo like yours. I didn't realise it was BofE museum thought it was at RM. @Britannia47 it might have been 🤔

[modofantasma]

Found it... Yes it was BofE museum

Just been to the Bank of England Museum to try and steal a 400oz gold bar, but failed miserably. I am hoping to find scrapings under my fingernails though!

https://www.thesilverforum.com/topic/33991-today-i-want-to-show/?do=findComment&comment=701537

[Paul]

@ 1.40 - 9.20 gold delivery toto the Federal Reserve NY vault 

@ 7.50 you see the funky cybermen shoes in the flesh, they are still used 

[MarcAngely]

Wow, those images of the gold stack are truly amazing! It's amazing to see the sheer volume of gold and to think about how much it would be worth today with the increase in the price of gold. And those steel toe cap shoes are a great touch, especially to protect against dropping a bar of gold on one's feet!

Have you checked out altinvestor.net? It's a great resource for those interested in alternative investments, including precious metals like gold. You might find some interesting information and insights there!

It's always fun to dream about having such a wealth of gold, but at the end of the day, it's important to focus on what truly brings us happiness and fulfillment in life.

Edited February 3, 2023 by MarcAngely