Gold Bullion facts

While investigating facts about Gold Bullion Price and Gold Bullion Uk, I found out little known, but curios details like:

In Auschwitz, there were "tooth-pulling kommandos", whose only job was to pry open the mouths of the gassed victims, and remove "all gold teeth, as well as any gold bridgework and fillings", then the teeth were sent to be melted down and sold as gold bullion.

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In 1974 a Washington lawyer circulated a theory that 'elites' had raided all the gold from the United States Bullion Depository in Fort Knox. Members of the media were given access in order refute the theory. It is the only time a member of the public has been allowed inside the vault.

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In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is gold bullion worth. Here are 11 of the best facts about Gold Bullion Australia and Gold Bullion Bars I managed to collect.

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1. Henry Ford gave his son Edsel $1 million for his 21st birthday- the equivalent of $24,652,400 today. He gave him the amount in gold bullion, which he took him to the bank vault to see.

2. Almost all the wealth stolen by the Nazis was found sealed in a Merkers mine in March 1945 which included 8,000 bars of gold, 55 boxes of gold bullion, and hundreds of bales of foreign currency.

3. Most "gold" that is traded on the stock market is not backed by actual gold. The London Bullion Market Association, the world's largest gold market, have approximately a hundred times more gold deposits than actual gold bullion to back the deposits up.

4. In 2007 the Royal Canadian Mint produced a million dollar gold bullion coin and sold five of them. In 2015, the gold in the coins was worth more than 3.5 times the face value.

5. Almost all of the 500,000 gold Double Eagle $20 coins cast in 1933 were melted into bullion and never circulated. However a small number were stolen from the Philadelphia Mint and the U.S. Secret Service has been pursuing them for nearly 70 years. The coin has a market value of $7.6 million.

6. The Federal Reserve Bank of New York Building, in Lower Manhattan, serves as the largest gold repository in the world, holding approx. 7000 tonnes of gold bullion ($415 billion as of October 2011) on behalf of the US governement, the IMF, and the central banks of 36 foreign nations.

7. In 1941 the US Post Office Department delivered more than $9 billion in gold bullion over the course of 6 months using 45 specially guarded trains and made $1.8 million in postage and fees since the gold was sent by registered mail.

8. The British gold sovereign coin is still legal tender with a value of £1, despite being worth over £200 as bullion.

9. about Executive Order 6102 forbidding the American public from owning gold or silver bullion. All to allow the privately owned Federal Reserve to print more money.