A gold and silver depository that its owner says can store more than Fort Knox just opened in downtown Eagle.
Precious metals dealer Money Metals Exchange , based in Eagle, built a $28 million, 37,000-square-foot “extremely secure location for individuals, businesses, family offices, governments, and financial institutions across the globe to store high value precious metals assets,” Money Metals said in an email Monday.
It doesn’t have machine-gun turrets on its corners as Fort Knox does. Fort Knox, built in 1936 about 30 miles southwest of Louisville, Kentucky, is considered the most secure bullion depository in the world, according to the U.S. Mint, which runs it.
But the Eagle depository does have North America’s largest Class 3 vault, the company said. That is the highest vault rating under Underwriters Laboratories standards . It would take two hours for someone using “common mechanical tools, electric tools, cutting torches, or any combination of these” to break in, according to International Vault Inc., a manufacturer.