Of course today, Wall Street has more connections to other precious metals than just silver, it also has an amazing connection to gold!ĭeep beneath the heart of New York’s financial district, a vault at the Federal Reserve Bank is home to what some call “the largest accumulation of Gold in human history.” The gold bars are stored 80 feet below sidewalk level and represent 5% of all gold ever mined. These big institutions bounced back in a huge way and continued unchallenged growing back to about 8% of GDP within a few years. The markets were shut down for days after news broke and prices plummeted when they reopened but there was no real change in power on Wall Street. Although finance and insurance had been about 9% of GDP in 1990 they had dwindled down drastically following that day before reaching 6%. In September 11th 2001 when terrorists attacked downtown New York in a coordinated effort with airplanes, there was significant damage to this main economic sector. The World Trade Center sits a few blocks from Wall Street, the heart of America’s gargantuan financial services industry. Rarely do we hear about how diverse, dynamic and influential this colony was before it became a part of America’s “melting pot.” The scholarly conclusion has largely been that cultural diversity existed from day one and the mindset resembled what many Americans today are striving for as they pursue their “American Dream” – success through hard work no matter where you come from or who your parents were when you start out on life. The history of New Amsterdam is an overlooked chapter in the classic American story. This area has been used as a trading hub since day 1! When Dutch settlers founded this community in 1624 they renamed it after their homeland “New Amsterdam” which is translated from 17th century Dutch to English meaning “New Town.” In addition to being recognized by its new name on maps at that time, one of the earliest street names was Waalstraat (meaning Wale Street). New Amsterdam had a long history as a trading marketplace and securities trading location with Federal Hall, the first city hall for New York. These commemorative bars were made to celebrate one of America’s most important financial districts and its origins dating back before the existence of our country!
In 2002, the Wall Street Mint began producing 999 fine silver. So it is no surprise that this icon has its own mint and a line of stamped silver bars bearing their name! The walls of Wall Street have been witness to the world’s most important financial transactions. Now that modern renditions are available again to investors, it seems like people can’t get enough! The small company was born after the 9/11 attacks in New York City, with designs featuring various versions of the NYC skyline on their primary design since 2002. The Wall Street Mint brand is one of the most well-known names among long-term investors who buy silver bullion bars.
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