Market Insider

Superstorm Sandy Floods Gold Vault in Manhattan


When Super Storm Sandy flooded lower Manhattan, it also flooded the vaults of at least one gold depository.

Sebastian Derungs | AFP | Getty Images

Monday, the CME declared force majeure at a precious metals depository in New York, Manfra, Tordella and Brookes ("MTB") effective immediately. This depository is one of five locations listed by the CME for the warehousing of physical gold.