When two weeks ago we exposed the heretofore secretlocation of JPM’s London gold vault (located under the firm’s massive L-shaped office complex at 60 Victoria Embankment) we thought: what about New York? After all, while London is the legacy financial capital of the “old world“, it is New York that the biggest private wealth of the past century is concentrated, and it is also New York where the bulk of the hard assets backing the public money of the world’s sovereigns are located, some 80 feet below ground level in the fifth sub-basement of the New York Fed, resting on the bedrock of Manhattan.
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