Posts Tagged ‘bank of nova scotia’

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Gold Located In The WTC

 gold_vault

I have gotten a few email about the gold coins and the silver coins and where they came from. A lot of people writing me wants to know, why all this gold and silver was located in the world trade center. I always send them an email back with the research that I have done that is located here. http://www.wtc911coins.com/topics/research-comdex-vault/

This will explain everything and it will show you the news paper clips from the time the gold was found. The bullion coins came from the bank of Nova Scotia where they where store at their vault.

If the story of where the gold coins came from has your interest the research is done just follow the link above and you will have everything in one place.

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Cache of Gold Found Under WTC Building 4 & 5

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Cache of Gold Found Under WTC Two truckloads

By GREG GITTRICH, THOMAS ZAMBITO and LEO STANDORA
Daily News Staff Writers URL Link to Complete Story Here

Workers at Ground Zero unearthed last night a buried treasure of gold, hidden for weeks under the ruins of the World Trade Center.

As a small army of federal agents with shotguns and automatic rifles stood guard, city cops and firefighters packed two Brink's armored trucks with the lode, sources said.

This is not a shocker, as it was rumored that as much as $160 Billion in bullion was stored under the Trade Center. Let's read on.

The sources said the gold was found in a delivery tunnel under 5 World Trade Center.

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

It wasn't immediately clear how much gold was recovered last night - or exactly how much was buried under the complex after the Sept. 11 attacks.

The Toronto-based Bank of Nova Scotia has said its vault under 4 World Trade Center alone held more than $200 million in gold and silver. Bank spokeswoman Pam Agnew didn't immediately know if any of that gold was found last night.

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

For the last couple of days, construction workers - directed by the feds - had been clearing a delivery tunnel that runs under the complex.

Officials finally got to the gold through that tunnel yesterday, after workers hauled out a 10-wheel truck, several crushed cars and mounds of debris.

No bodies were recovered during the operation.

As workers inched closer to the gold yesterday, authorities began restricting access to the north side of Ground Zero and FBI and Secret Service agents joined cops and firefighters at the site.

"If I tried to go down there, they would have shot me," said a construction worker shooed away from the tunnel.

A handful of heavy-machinery operators and other workers, under the watchful eyes of more than 100 armed officers, built and graded a ramp into the delivery tunnel.

A small bulldozer knocked down a wall inside the tunnel, and a Brink's armored truck drove in just before sunset.

It came out about 7 p.m. with the first load of gold, sources said. A second truck entered the tunnel a short time later and also was loaded with gold before leaving.

A handful of construction workers were held over from the day shift, which ends at 7 p.m., to help.

"They sent most of us on our merry way," said one worker.

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Millions Under WTC

gold_bars

Attacks Buried Millions Under WTC
"Underneath the crushed concrete and twisted steel girders of the World Trade Center lie about $200 million in gold and silver owned by a Canadian bank.Officials at the Toronto-based Bank of Nova Scotia have no idea when they will be able to recover the gold and silver but aren't worried that someone might try to steal it."All of ground zero is extremely secure,'' said bank spokeswoman Diane Flanagan.The gold and silver was in a vault at 4 World Trade Center, which was reduced to rubble just like the twin towers that collapsed after the Sept. 11 attack. It was not immediately clear in what form the precious metals were in, such as ingots or coins."We have every reason to believe it is safe and intact,'' Flanagan said. "And we have every reason to believe it is fully recoverable.''Besides the legions of police officers who prevent onlookers from approaching the trade center site, the bank has hired its own security contingent to protect the assets.Flanagan wouldn't say how many security officers are on duty at the site for the bank, or what precautions have been put in place. The eight vault employees who kept watch over the gold and silver before the attacks escaped unharmed.The gold and silver is insured and is part of a larger cache controlled by the bank's bullion and precious metals subsidiary, Scotia Mocatta Depository Corp." -
Journal Sentinel/AP (10/06/01)
Millions in gold and silver recovered from WTC -
CTV (10/31/01)
Cache of gold found at WTC; Two truckloads retrieved through a tunnel in rubble
"Workers at Ground Zero unearthed last night a buried treasure of gold, hidden for weeks under the ruins of the World Trade Center.This is not a shocker, as it was rumored that as much as $160 Billion in bullion was stored under the Trade Center." -
NY Daily News (10/31/01) [Reprinted at: sierratimes.com; rense.com]
Crushed towers give up cache of gold ingots
"RECOVERY workers at Ground Zero have discovered hundreds of gold ingots, part of a billion dollar cache which was lost when the twin towers fell.The collapsed buildings contained a number of vaults and strongrooms, but the police were not saying who owned the gold.The Comex metals trading division of the New York Mercantile Exchange kept 3,800 gold bars — weighing 12 tonnes and worth more than $100 million (£70 million) — in vaults in the building’s basement. Comex also held almost 800,000 ounces of gold there on behalf of others with a value of about $220 million. It also held more than 102 million ounces of silver, worth $430 million.The Bank of Nova Scotia, which kept gold in the Comex vault, reported $200 million of gold lost in the wreckage. Comex also held precious metals for Chase Manhattan Bank, the Bank of New York and Hong Kong and Shanghai Banking." -
Times Online (11/01/01) [Archived at: 911research.wtc7.net]
Thanksgiving at Ground Zero
"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." -
Delta Farm Press (11/19/01)
(See also:
February 26, 1993 - Police first believed '93 WTC attack was an attempted gold robbery; October 30, 2001 - Recovery workers discover hundreds of gold bars in a delivery tunnel under WTC 5 that was being transported by a 10-wheel truck)

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Buried WTC gold returns to futures trade

gold_vault

A fortune in gold trapped for seven weeks in the ruins of the World Trade Center officially returned to the global bullion trade Friday, but dealers had already closed the book on the tale of tragedy and buried treasure.

"You could in theory say that if things had gone much worse since September 11 and there had been rampant demand or something like that, that it might have been a story that affected the price. But at this point, I don't think it really was," said a metals specialist at a large commodity brokerage.

The $230 million in precious metals has been moved from the basement vaults of ScotiaMocatta Depository at 4 WTC, where it was stored on behalf of the New York Mercantile Exchange when the September 11 attacks brought down the twin towers. All warehouse staff got out safely.

In a joint statement Friday, NYBOT and ScotiaMocatta, the metals trading division of Canada's Bank of Nova Scotia, said the metals had been relocated and were again available to guaranty delivery of futures contracts exchange traded at the COMEX metals division of the NYMEX.

"All of the silver, gold, platinum, and palladium stored in its vaults at 4 World Trade Center have been successfully relocated by an Exchange-approved carrier to a newly Exchange-licensed Brink's Inc depository in Brooklyn," they said.

Spurred by authorities who wanted to demolish the building, by the potential for crime, and by whatever has always driven men to hunt for gold, emergency crews dug through the rubble and got a first glimpse of the gleaming booty on Oct 30.

Guarded by a small army of heavily armed federal agents, city policemen and firefighters began the massive task of moving about 12 tonnes of gold and 30 million ounces of silver. The hoard was estimated to be worth at least $230 million.

There were about 3,800 100-Troy-ounce registered gold bars in the underground COMEX warehouse. While gold is very dense, the task of loading the indestructible yellow metal onto armoured Brinks trucks was not nearly as cumbersome as moving the silver.

Experts said it would take some 50 tractor trailers to transport 30,000 1,000-ounce silver bars.

On top of that, it is believed that other treasures were kept in the vaults, including additional precious metals, jewels and securities. But there has been no information on whether these valuables were there or recovered.

ScotiaMocatta has applied to establish a new exchange-licensed depository in New York for silver, gold, platinum and palladium. Upon approval, the metal being held in ScotiaMocatta's custodial account at Brinks will be relocated to this facility, they said.

The NYMEX has another warehouse in Manhattan, operated by HSBC Bank USA.

Despite initial concern among precious metals dealers, the temporary lack of access to the metal hardly caused a ripple in the markets. The buried gold amounted to about 2 per cent of the 600-tonne-a-day global bullion market.

The metal was insured and supply was available from facilities at refiners elsewhere in the United States, though some may have been remelted into the 100-ounce bars of 99.5 per cent pure gold to meet COMEX delivery specifications.

The exchange said it plans to rescind its emergency rules which allowed an individual or firm taking delivery of metal under the terms of a futures contract to reject a warrant -- a document giving title -- for metal on deposit at the buried ScotiaMocatta vault.

http://www.rediff.com/money/2001/nov/17wtc.htm

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THE VAULT; Below Ground Zero

 

nytlogo153x23

By JIM DWYER

Published: November 1, 2001

About two weeks ago, a security team spotted scorch marks on a basement doorway below 4 World Trade Center, on the east side of the ruined complex, according to officials.

Even in a place of mass devastation and death, those scorch marks got fast attention. They had not been noticed by a patrol team a few hours earlier, and behind the damaged -- but intact -- door were nearly a thousand tons of gold and silver. To security officials, it looked as if someone had tried to break in.

Within hours, a video surveillance system was installed to keep at least an electronic eye on the precious metals until their custodian, the Bank of Nova Scotia, had a chance to remove them. That work began this week.

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.

As layers of debris are peeled away, recovery workers are opening gangways to intact portions of a 16-acre basement that was largely unseen but was a place of spectacular scope in its own right. Just the basement area of the World Trade Center enclosed twice as much space as the entire Empire State Building.

Nearly a quarter of a mile below the spectacular vistas from the towers was their upside-down attic dropping 70 feet below the ground, a strange world with enough room for fortunes in gold and silver, for Godiva chocolates, assault weapons, old furniture, bricks of cocaine, phony taxicabs and Central Intelligence Agency files. With so many people still lost, the owners of this stuff have maintained a discreet silence during the recovery operations. But that doesn't mean they're not interested.

Beneath the Customs House -- 6 World Trade Center -- was an armada of government vehicles, including dozens owned by the Secret Service, in a fenced-off area. Within that area was a garage where a single armored limousine was parked under the tightest security.

The limousine was so long that it needed straight-line access to the street, because it could not clear tight corners in the basement.

That car had been used to carry heads of state visiting the city, said Tony Ball, a spokesman for the Secret Service. (The president's limousines are stored in Washington and flown everywhere he visits.)

In the 1993 trade center bombing, an armored Secret Service limousine was parked about 100 feet from a truck bomb. Although the bomb crashed through five stories of concrete and the concussion destroyed cars all over that floor, the Secret Service limousine ''did not even have a broken windshield,'' according to a government official on the scene that day. The condition of the limousine after September's attack was not known yesterday. ''We haven't gotten anything back yet,'' Mr. Ball said.

Asked about reports that his agency also kept what looked like ordinary taxis and telephone company trucks in the basement, Mr. Ball laughed. ''What I would say is that it is not unusual for law enforcement agencies to have these kinds of things,'' he said.

Besides the Secret Service, the building named for the United States Customs Service also housed an office of the C.I.A.

That building is now partly collapsed, with a rubble pit 30 feet deep. Somewhere in there are drugs, weapons and contraband seized by the Customs Service at the region's airports. The Bureau of Alcohol, Tobacco and Firearms also lost two evidence vaults, according to a spokesman for that agency, Joseph Green. They have not yet been recovered.

''There could be several hundred weapons -- somewhere between 200 and 400, ranging from small-caliber semiautomatic pistols to assault rifles,'' Mr. Green said, adding that a few of the guns had been found. Agents plan to be on the scene when the remains of the building are demolished sometime in the next two weeks, he said.

''After that, we'll be working at the landfill to search for any important items that are still missing.''

For people who have seen the surface destruction, either in pictures or in person, it may be hard to imagine that anything is intact below ground. But engineers and recovery officials say that large parts of the underground perimeter are undamaged, even though the buildings above them are partly collapsed

 

One area is below 4 World Trade Center, where more than two decades ago, Swiss Bank built a huge vault and storage area. The vault was reached from the Swiss Bank offices by a private elevator.

To reach the vaults, armored trucks would drive through what had once been the tunnels for the Hudson and Manhattan railroad, the predecessor of the PATH system. These tunnels had run as far east as Church Street, but were not needed when the trade center was built and the PATH terminal was set closer to the river.

The western stubs of the original tunnels, ringed with cast iron, were converted into roadways. These roads ran directly to a roll-down door in front of the Swiss Bank vault area. Inside was a loading dock.

By the time of the 1993 bombing, Swiss Bank no longer was using the vault, and shortly afterward, the bank relocated its remaining operations.

The next tenant of the vault space was the Bank of Nova Scotia, which estimated the value of the metals at $200 million.

''We are in the process of relocating the contents of our vault at World Trade Center building No. 4 to another secure location, because authorities need to demolish the building,'' Pam Agnew, a spokeswoman for the bank, said yesterday by phone from Toronto.

Some of the metal is owned by the bank, and some by its customers, she said. She declined to say where the metals were being taken.

''The contents remain safe and intact,'' Ms. Agnew said. ''The contents are fully insured. We're working very closely with local authorities to ensure a safe and secure relocation effort.

''The removal of the contents was not a priority for us because we've always known it was safe and secure,'' Ms. Agnew said.

Asked about what appeared to be an attempted break-in two weeks ago, Ms. Agnew said that she was unaware of it. Later, she called to reiterate that the metals were safe: ''It would be factually incorrect to say there had been any attempt to steal the contents of our vault.''

However, a government official involved in the recovery efforts said that there had clearly been an attempt within the last two weeks to enter the vault area. ''It looked like they used a blowtorch, a crowbar,'' said the official, who spoke on the condition that neither his name nor his position be identified. ''The Port Authority police began periodic patrols, and then a closed-circuit television system was put in.''

The bank also engaged Kroll Inc., a security business based in New York, to supervise the relocation of the gold and silver, a process that began this week, The Daily News reported yesterday.

Michael Cherkasky, the president of Kroll, declined to comment on his company's involvement.

Anyone trying to make off with the gold would not be able to run very fast: each ingot weighs 70 pounds.

Correction: November 7, 2001, Wednesday An article on Thursday about property of the C.I.A. and the Secret Service buried at the World Trade Center site misstated the nearby location of the two agencies' former offices. While the agencies stored vehicles beneath the Custom House, at 6 World Trade Center, their offices were in No. 7.

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