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Where GLD's $70B in gold is hidden

Mar 12, 2012 @ 1:28 pm

There's roughly $70 billion in gold bars backing the GLD Spider Trust - all secretly stashed at one vault in a location that few people in the world currently know, and few people have ever even seen.

CNBC was granted access (with Bob Pisani and crew escorted to the vault in a blacked out van) and shows what's inside the vault, which now stores more gold than China or Switzerland own. We still don't know the exact location, but we do know that it's 'somewhere near London.'

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