City Steals: A golden treasure chest 50 feet below sea evel
Alright my fellow business junkies, this one is for you.
Ever wonder where the Federal Reserve stores all of its wealth? This week's city steal is a free walking tour that gives the public the opportunity to venture inside the Gold Vault of the Federal Reserve Bank of New York.
Tourists get the opportunity to travel 50 feet below sea level, where the Fed safeguards billions of dollars worth of gold. Although this is definitely an incredible sight, the tour is not only a place to sightsee. Visitors learn about the history of gold as well as the Fed's interesting responsibility in regard to its gigantic treasure chest to monitoring currency.
While the gold vault is the attraction that mainly draws in the large crowds, there are other free exhibits that grab visitors' interest as well.
If you are following my City Steals blog, it is probably because you classify yourself into the oh-so-common category: "broke college student." So, here's your chance to see lots of money! The Federal Reserve Bank of New Yorkhas an exhibit called "The History of Money" that showcases three millennia of worldwide currency. Including over 800 forms of currency, this exhibit is truly a sight to see how currency has changed through history.
Couldn't fit that economics class into your college schedule? If you are looking to learn about money and banking outside of the classroom, FedWorks might be the exhibit for you. This hands-on multimedia exhibit educates visitors about monetary policy through interactive simulations as experts explain the Federal Reserve Bank's vital role in the economy.
I unfortunately haven't made my visit yet, but many classmates have told me that the Federal Reserve Bank of New York was a fun, exciting, and insightful trip!
All of these tours and exhibits are free, but spots fill up extremely fast! Make a reservation by clicking here.