Tuesday, August 20, 2013

Buy the Newly Listed JP Morgan Building and Own the World's Largest Commercial Gold Vault as a Bonus

From Mining.com:

Chase Manhattan Plaza biggest commercial gold vaultThis weekend JP Morgan's 1 Chase Manhattan Plaza went on sale, which also happens to hold the world's biggest commercial gold vault.

The 60-floor skyscraper was built in 1961. It is the 15th tallest building in New York. Price tag is estimated at over $1 billion.

CBRE Group Inc.  have been hired to manage the sale.

The building was designed by Gordon Bunshaft of Skidmore, Owings and Merrill and the skyscraper was designated a landmark in 2008 by the New York Landmarks Preservation Commission.

What is really special about the building is what's below the surface. One of the building architects wrote that underneath the skyscraper is the ". . . largest bank vault in the world, longer than a football field."

And across the street is the Federal Reserve Bank of New York, which is reputedly the largest gold repository in the world....MORE